Center Considers More Relief Measures for Realty Sector
In an attempt to help the NBFCs and real estate companies, the center is considering more relief measures for both underscore sectors. In the last few months, the government has announced or initiated some measures to sharp reduce liquidity and credit crisis in the economy.
Source states, the government is considering the option of relieving some of the major NBFCs of stress assets through a dedicated scheme, a stressed asset fund may be created to buy the stressed financial assets.
Besides, the RBI is possible to consider recommendations and suggestions from the finance ministry and Prime Minister’s Office to allow the banks to take the decisions of not listing them as default or special mention accounts (SMA) and go for one time revise of discriminating real estate companies’ loans. For detail reading, Click HERE
