No Threat Of Systemic Risk From Housing Sector: RBI

Mumbai: A rise in home prices “moderated significantly” in 2015-16 and there is no threat of any systemic risk from the housing sector with the gross non-performing assets (NPAs) amongst retail loans being contained, the Reserve Bank of India (RBI) said on Tuesday. “With gross non-performing asset (GNPA) ratio around 1.3 per cent, the retail housing segment does not presently …