"We might see the growth momentum in the sector declining down a bit due to the announcement," he added.
It may be recalled that risk weight on housing loans was pegged at 100 per cent earlier, which was brought down to 50 per cent sometimes back. Now that it has been enhanced to 75 per cent, means that there is still some room.
On the whole the credit policy has been a growth oriented one. Since the rate of interest have not been touched, which was being apprehended by bankers, the increased momentum of credit flow witnessed in the last few months would remain the same.
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