RBI's move to increase credit flow to NFBCs & HFCs
by Mr. Shobhit
Agarwal, MD & CEO – ANAROCK Capital:
With
this move, the RBI has now made a proactive attempt to boost credit
flows to NBFCs and it is a positive move per se. Banks are already
grappling with the problem of NPA,
and have consciously reduced their exposure towards real estate.
The
current IL&FS crisis has further complicated the liquidity crisis in
the system and every lender is taking extra precautions while
disbursing capital to NBFCs and HFCs, including banks.
In
the current background where real estate sales have been extremely slow
and a substantial amount of projects are running behind schedule, banks
might not be willing to lend to NBFc and HFCs.
However, the NBFCs with
strong track records might certainly get
some respite from the banks.
Arun Chitnis
Media Relations
ANAROCK Property Consultants Pvt. Ltd.
Office No. 901A 9th Floor, ONYX,
Next to Westin Hotel, Koregaon Park,
Pune – 411001
M: +91 9657129999
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