Why rate hikes unlikely to impact asset quality of home loan portfolios – rating agency ICRA explains
Mortgage lenders have limited headroom to extend the loan tenures given the fact that the prime home loan segment already has long tenures, and a further extension in loan tenures will lead to overall tenures extending beyond the working life of the borrower, rating agency Icra said.
Icra said the increase in FOIRs could also be partly offset by the expected increase in income levels with the improvement in the operating environment. Pic: Pixabay