MUMBAI, 06 AUGUST, 2020 (GPN):

Mr. Anshuman Magazine, Chairman & CEO – India, South East Asia, Middle East & Africa, CBRE, Quotes-

 “The RBI’s decision to provide additional liquidity to National Housing, even though it kept the repo rate unchanged at 4 percent, is a positive step towards infusing liquidity and help NBFCs and housing sector tide over the liquidity crisis. The additional funding will ease the cashflow burden, improving the overall sentiments and market performance. In addition to this, RBI also allowed a one-time restructuring of loans without classifying them as NPAs, enabling lenders to implement a resolution plan, without a change in ownership. We welcome these announcements as they are directed towards preserving financial stability and strengthening consumption, thereby giving a push to economic recovery.’’