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View on RBI announcement by Mr. Ravindra Sudhalkar, CEO at Reliance Home Finance

New Delhi, April 17, 2020: “The RBI has provided a welcome relief to NBFcs and HFCs in the form of liquidity boosters, which will benefit both housing and commercial real estate. The liquidity provisions made by RBI through Rs 50,000 TLTRO deployment will enable HFCs and NBFcs to raise financing through bonds, commercial papers etc.  Special Refinancing facility of Rs 10000 crore announced for National Housing Bank will ease some of the liquidity challenges for housing financing companies to get bank financing in the wake of COVID 19 crisis.
*RBI has also allowed NBFC loans to delayed commercial real estate projects to be extended by a year without restructuring which is a welcome move “.
Corporate Comm India (CCI Newswire)
The Property Times News Bureau

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Tags: Covid-19HFCNational Housing BankNBFCprojectsRavindra Sudhalkarreal estateReliance SecuritiesThepropertytimes.inTLTRO
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