No threat of systemic risk from housing sector: RBI Report


By Accommodation Times News Service

Compared with the overall GNPA ratio of 7.6 per cent for the entire banking system as of March, the stress in the retail loans is very low

Rise in home prices “moderated significantly” in 2015-16 and there is no threat of any systemic risk from the housing sector with the gross NPAs amongst retail loans being contained, the RBI said today.

“With gross non-performing asset (GNPA) ratio around 1.3 per cent, the retail housing segment does not presently pose any significant systemic risk in the Indian context,” RBI said in the latest Financial Stability Report (FSR) it publishes for the Financial Stability and Development Council (FSDC).

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