Most HFCs point out that linking home loan rates to an external benchmark such as the repo rate may not be feasible for them as they raise funds from a number of sources. The question then is how to draw customers, who may otherwise choose to go to banks for home loans.
The country’s largest mortgage lender, Housing Development Finance Corporation (HDFC), is looking at the feasibility of linking rates to an external benchmark. “We may discuss the issue in our next Asset Liability Committee (ALCO) meeting, but whether it is done or not is still to be decided,” HDFC Vice-Chairman Keki Mistry told BusinessLine.
Until now, RBI has not mandated external benchmark linking of loans for HFCs and NBFCs, and many firms are awaiting more clarity.
Diese Geschichte stammt aus der September 13, 2019-Ausgabe von The Hindu Business Line.
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Diese Geschichte stammt aus der September 13, 2019-Ausgabe von The Hindu Business Line.
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