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RBI move may make high value home loans cheaper: Bankers

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The RBI measures on risk weights for housing loans should make high value loans more attractive, Arijit Basu, MD, SBI, told CNBCTV18.

The RBI measures on risk weights for housing loans should make high value loans more attractive, Arijit Basu, MD, SBI, told CNBCTV18.
“In our bank, about 35 percent risk weight is there for about 60-65 percent of our loans and we have a higher risk weight for the balance part. Now, that risk weight also comes down to 35 percent which makes it much more attractive. So, I think that is the way RBI has thought of it and this should be one of the measures which should help the high value real estate sector,” he said.
A similar view was shared by Girish Kousgi, MD & CEO of Can Fin Homes.
“Demand is slowly coming back and on pricing, the rates have been falling since last 8 quarters,” Kousgi told CNBCTV18.
“Going forward even if it doesn’t come, because today there was no change in the repo, it may not go up but it may be where it is. So this will definitely help better pricing for high ticket loans. So this will ensure that the demand will pick up and more and more loans will get sold because of this,” he said.