RBI warns of contagion risk if housing finance companies crumble | Editorji
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RBI warns of contagion risk if housing finance companies crumble

Jun 28, 2019 11:16 IST

In a report on India’s financial system, the RBI has warned that from a contagion risk perspective, if a large housing finance company fails, it would have as large an impact as the failure of a large bank. However, the Reserve Bank said things remain stable due to the improved resilience of the banking sector. The bi-annual financial stability report also pointed out stress in the retail lending segment and suggested exercising caution.

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