Risk Management In Housing Finance Companies -A Comparative Study Of Hdfc & Lichf
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 8
Abstract
India’s Urban Population has grown over the past 4 decades from 109 million in 1971 to 377 million in 2011 and is expected to grow to almost 600 million by 2030. India is expected to emerge as the third largest economy in the world by 2030 with an estimated 600 million people inhabiting in cities. Housing is an important sector for any economy as it has inter linkages with nearly 600 other industries. The development of housing sector can have direct impact on employment generation, GDP growth and consumption pattern in the economy. To help develop housing in the country, there is need to have a well-developed housing finance market. In India, housing finance market is still in its nascent stage compared to other countries. The outstanding amount of housing finance from all sources accounts for less than 8 per cent of GDP when compared with 12 per cent in China, 29 per cent in Malaysia, 46 per cent in Spain and 80 per cent in the US. HUDCO, HDFC,NHB,LICHFL, and all commercial banks are taking part in providing home loans. Economic conditions in the country are playing key role in performance of the HFCs. NPAs are the major risk factor in the HFCs. ‘All for the Housing’ slogan given by the HDFC in 1977 has turned as a favourite slogan of the Indian Prime Minister ‘Housing for All by 2022’.
Authors and Affiliations
Dr. G. Raja Reddy
Keywords
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