HFCs loan growth to almost halve due to Covid-induced slowdown: ICRA

The pandemic effect is expected to lower the housing credit growth to 5-8% in FY'2021, significantly below the last three years’ CAGR of 14%, Icra said. The growth is expected to be slower in the first half of FY'2021 as disbursements were significantly lower in the first quarter of FY'2021 and started picking up from July 2020.

from Banking/Finance-Industry-Economic Times https://ift.tt/328dY9b