NoFund: Housing Finance Com cuts down disbursements

By Accommodation Times Bureau


This year as RBI examines tighter regulations and finance market becomes cautions, the non-banking finance companies including housing finance firms tend to be staring at low growth and higher credit cost.

According to the source, the growth by 200-500 basis points would be down as lending declines by banks. Although some NBFCs has already cut a bit payment target this year.

Karthik Srinivasan, senior vice-president of rating agency Icra said to one of publication that, “Going by the current situation, the growth is likely to slow down by 200-300 basis points to 15% for FY19. While market rates are up 80-100 basis points since the beginning of the year, the weighted average cost of funds for NBFCs is expected to rise 50-60 basis points.”

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