Banks and housing finance companies (HFC) are treading cautiously in disbursing loans, and in some cases even cancelling previously sanctioned, or pre-approved, loans for customers who have become economically stressed after the Covid-19 crisis. “There were customers who were sanctioned loans in March, based on a certain assessment of repaying capacity, and could not avail the loan immediately.
We are revisiting such cases to ascertain the adverse impact on their cash flow position, if any, to ensure repaying capacity," said Deo Shankar Tripathi, MD and CEO of Aadhar Housing ...
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First Published: Mon, June 08 2020. 19:38 IST
