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Below is Reaction on RBI MPC by Mr. Y. Viswanatha Gowd, MD & CEO, LIC Housing Finance

“With visible signs of normalization coming back and the Reserve Bank of India (RBI) consecutively keeping the repo rate unchanged, there will be the sustenancemoni of demand for the housing loan market. The announcement regarding the rationalization of risk weights for individual housing loans which will be extended till March 31, 2023, is great news for lenders and will ensure credit flow to the sector. The policy support from the government continues to provide thrust and we expect FY23 to witness an inflow of homebuyers and increased construction activity as the market sentiments maintain a positive trajectory.”

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