RBI executive director discusses challenges in sustainable housing finance
Housing finance is an important element of the Reserve Bank of India's (RBI) efforts at financial inclusion, but must be balanced by careful consideration of the risks to financial stability, Deepak Mohanty, an executive director at the RBI, has said.
Delivering a speech at a housing conference in New Delhi, Mohanty said the expansion of housing finance in India was a relatively new development, with many people who would like finance being excluded. Nevertheless, a rush to extend finance would
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