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  • Friday, October, 2020| Today's Market | Current Time: 07:54:09
  • Industry Experts Reaction on RBI announcement

    Published on October 9, 2020

    Sh CH. S. S. Mallikarjuna Rao, MD & CEO Of Punjab National Bank.

    “RBI has done a wonderful job of coming out with various measures while maintaining the rates with an accommodative and pro-growth stance. For example, the on-tap TLTRO will go a long way to improve lending as we are looking at a strong economic recovery in the coming days. Similarly, the move to purchase of state development bonds, for the first time ever through open market operations, risk rationalization on home loans – which will boost the real estate sector – and the revision in regulatory limits for the retail portfolio to expand credit flow to small businesses are timely and growth-oriented.”

    Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd

    “Today’s RBI announcement of rationalizing risk weightage on home loans is a targeted intervention and comes at a time when the property sector is making a significant recovery across all the segments. The measure would provide a boost to the ongoing projects and inventory pick up for luxury developers. The homebuyers across all price-points will be able to access more capital with ease. Additionally, it would help the lender on the capital adequacy front and enable them to provide more loans. We expect RBI to extend the measure beyond March 2022 in the coming days.”