 "Budget 2019: National Housing Bank will continue to inspect, penalise HFCs")
Finance companies and housing finance companies (HFCs) had a predominant share in Rs 47,000 crore worth loans sold in the third quarter ended December 2019 (Q3FY20) as some of them continued to face liquidity challenges.
Abhishek Dafria, Vice President and Head - Structured Finance Ratings at ICRA, said the volume in Q3FY20 were low compared to estimated Rs 77,800 crore in Q3FY19. But, Q3 last year was quite different as financial system faced liquidity squeeze, reeling under effect of IL&FS defaults. Some large players (like DHFL) were in the market then (Q3FY19) to raise substantial amounts. Now, the situation
Abhishek Dafria, Vice President and Head - Structured Finance Ratings at ICRA, said the volume in Q3FY20 were low compared to estimated Rs 77,800 crore in Q3FY19. But, Q3 last year was quite different as financial system faced liquidity squeeze, reeling under effect of IL&FS defaults. Some large players (like DHFL) were in the market then (Q3FY19) to raise substantial amounts. Now, the situation
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