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Views by Real Estate Developers on Bank Merger

New Delhi, August 31, 2019:
Mohit Goel, CEO, Omaxe Ltd. –
The move to merge several public sector banks was long overdue and is indeed a welcome step. The merged banks will have greater resources and hence can play a much bigger, better and important role in the growth of economy. Their lending capacity will increase and this bodes well for all the sectors including real estate.
Ashok Gupta, CMD, Ajnara India Ltd. – 
This merger will surely become a milestone decision for Indian economy. For real estate sector, we are expecting that the lending capacity of the banks will increase which will directly help the sector to fight with ongoing liquidity crunch. Along with this, Finance Minister’s instruction to banks to link their retail product including housing loan to RBI’s repo rate will also support the sector.


Corporate Comm India (CCI Newswire)

The Property Times News Bureau

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Tags: Ajnara India Ltd.Ashok GuptaMohit GoelOmaxe Ltdpublic sector banksRePo rateThepropertytimes.in
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