46%: Drop in overall lending to India’s real estate sector in 2019-20.

Business Standard
25th June

46%: Drop in overall lending to India’s real estate sector in 2019-20.

  • The combined total of loans sanctioned to the sector by banks, non-banking finance companies (NBFCs), housing finance companies (HFCs) and others stood at Rs 1.2 trillion during the year.
  • The total real estate loan book at the end of 2019-20 stood at Rs 8.1 trillion.
  • Of the total exposure, banks accounted for 58%, NBFCs 23%, HFCs 10%, and others 9%.
  • 42% of the total exposure was to projects in the Mumbai Metropolitan Region, and 23% to those in Delhi-NCR.
  • Going by the ticket size of loans, the biggest chunk of 31.3% was in the Rs 25 crore to Rs 100 crore bracket. Loans above Rs 500 crore were only 7.2% of the total.

Disclaimer: This information is from a third party—Business Standard—offered through a tie-up to Kotak Securities customers. Click here for complete disclaimer.

A few links for further reading

Insecure and uncertain in insurance business as Covid-18 damage claims mount

Insurance companies around the world were sailing smoothly, helped by growth in emerging markets and strong capitalisation. Things changed in late February when markets realised that Covid-19’s impact on insurers could be significant. Insurers are yet to know the full impact of the crisis as governments and regulators nudge them to give moratoriums to policyholders and quickly settle claims too. India’s insurance regulator has set strict deadlines for medical insurers to settle Covid-19 claims. General insurers face damage claims from businesses devastated by the national lockdown to contain the disease. Is insurance secured to survive, Joydeep Ghosh explains

The unravelling

There was a time when pay cuts we see today were a complete no-no; govt and public sector jobs were considered safe, as pay and pensions were both assured. Not any longer, it seems, writes T N Ninan

Quick approval, grace period

The COVID-19 pandemic has brought home the significance of health and life insurance like nothing else earlier. Even those who were blasé about these covers in the past are now looking to buy a new policy or want to enhance the sum insured on their existing ones. Meanwhile, the Insurance Regulatory and Development Authority of India (IRDAI) has been issuing a slew of guidelines to health/general and life insurance companies aimed at easing matters for customers.

Want to get this in your email?