RBI’s new asset recognition norms for realty credit negative for banks: Moody’s

The real estate sector has been facing challenges as NBFCs (non-banking finance companies), the key lenders to the sector, are also under stress. Further, stagnating property sales have resulted in a large stock of unsold inventory.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SrtKZ7