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RBI Monetary Policy quote: Shriram Housing Finance

10 Feb 2022 , 03:43 PM

“The tone of the MPC’s monetary policy statement was more dovish than expected, yet, the status quo on key policy rates is a positive for the housing finance sector, especially given the absence of any impetus in the Union Budget 2022.

The current environment is conducive to home affordability and has aided the end-consumer demand, as reflected in the sustained growth in home loan disbursements over the last four months, despite the challenges posed by the third wave of the COVID-19 pandemic. Shriram Housing Finance recorded its highest ever quarterly disbursements in Oct-Dec, a bulk of which were to the affordable housing and mid-income segment. We expect the momentum to sustain in the current quarter led by a revival in urban consumption and positive consumer sentiment across Tier-2 and Tier-3 cities.

The central bank seemed sanguine on domestic inflation, assuaging some concerns on the higher cost for construction. Further, with the Omicron wave starting to abate, the government’s focus on infrastructure and housing should ensure that demand for home loans remains buoyant going into FY23.”

The author of this article is Ravi Subramanian, MD & CEO, Shriram Housing Finance

The views and opinions expressed are not of IIFL Capital Services, indiainfoline.com

Related Tags

  • Ravi Subramanian
  • Shriram Housing Finance
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