Friday, October 30, 2009

Credit policy may not impact home loans, say experts

The realty sector, especially in the home segment, has already witnessed some price rise and an interest rate revision, which in any case will be small, may actually help slowdown the spiraling price rise,' says a senior banker
The credit policy announced by Reserve Bank of India (RBI) governor Subba Rao on Tuesday may have hints of a tighter credit regime, but it may not have an impact on the interest rate structure for home loans, say experts.

Experts say that their opinion is based on two facts.

First, the demand for homes and home loans, in turn has gone up in the wake of the soft rate regime put in place by the finance minister early this year as part of his anti-recession measures.

Second, the Centre has already expressed concerns about the bankers' unwillingness to pass on the benefits of the revival package announced by the finance minister.

To read more, please, visit The Times of India

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