USD 14 bn loans to builders under severe stress, may result in default: Report

Banks have advanced loans of Rs 1,000 crore to real estate firms by banks, NBFCs and housing finance companies (HFCs) which are under severe financial stress and and facing issues of debt servicing, according to a report. HFCs accounted for the largest share of total realty loans equalling 38%, followed by banks at nearly 34% share while NBFCs

from Banking/Finance-Industry-Economic Times https://ift.tt/35MrcbU