Asset Quality Of India's Housing Lenders Likely To Worsen, Says Rating Agency ICRA

Indian housing finance companies (HFCs) are likely to face worsening of asset quality this year, with about 30 per cent of their portfolios falling within the regulator-approved moratorium as of end-May, rating agency ICRA said on Friday. ICRA said gross non-performing assets (GNPA) in the housing segment could increase 2.5-3 per cent in the fiscal year through March 2021 from an estimated 1.7 per cent, as of March this year. In the ...