NBFC crisis to pull down home loan growth

Housing finance growth is set to slow down to 13-15 percent this fiscal, lower than the average of the past three years, due to the lingering liquidity issues faced by non-banking lenders, warns a report. There can also be an adverse impact on the outstanding housing credit, which stood at Rs 19.1 lakh crore as of March 2019, ratings agencyIcra said in a weekend report. It can be noted that the government is betting on housing sector as one of the major vehicles to push the sagging economic growth.