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It will take couple of quarters for demand to come back in housing sector, says Keki Mistry of HDFC

Updated : May 15, 2020 06:32 PM IST

Keki Mistry, vice chairman & CEO of HDFC, shared with CNBC-TV18 his take on the steps taken by the government to revive growth amidst the COVID-19 crisis.

Here are the highlight of the interview:
  • Expect extension of Credit Linked Subsidy Scheme to be helpful for the housing finance industry.
  • 22-24 percent of the company's borrowers have availed for Credit Linked Subsidy Scheme.
  • RBI's move of infusing liquidity in the system positive.
  • Banks have become extremely risk averse.
  • Guarantee provided by the government should definitely help.
  • Liquidity should be made available to the lower rated entities.
  • AAA-rated stronger NBFCs have had no problem with liquidity.
  • Don't think we are looking at a residential housing crisis.
  • No reason to believe demand for housing won't come back once lockdown lifts.
  • Will take couple of quarters for demand to come back to housing sector.
  • Work from home will lead to rise in demand for housing.
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