Finance ministry to meet up with bank executives
The finance ministry is to meet chief executives of leading banks to discuss credit flow to the real estate and housing sectors.
D K Mittal, secretary of financial services, will chair the meeting of bankers, which will record stock of credit flow to the sensitive sectors.
A committee of bankers had been set up to study the issues in the real estate sector. The panel, headed by Ajai Kumar, chairman and managing director of Corporation Bank, is expected to give its report by month-end.
Bank credit to commercial real estate has slowed considerably in the last one year. Similarly, home loan growth has slowed down, too.
To read more real estate news:
Banks cutting down on lending to real estate sector: Knight Frank
bank credit, bank lending, bank lending to real estate, Banks, Commercial real estate, Corporation Bank, D K Mittal, Finance ministry, home loan
[...] Finance ministry to meet up with bank executives [...]
[...] Finance ministry to meet up with bank executives [...]