PNB Housing CEO Girish Kousgi outlines plans for corporate business growth, cost of borrowing reduction, retail book growth, and affordable housing vertical expansion. Kousgi says: "We showed a growth of about 18.5% on disbursements and 14% on book. So, FY25, we are looking at book growth of 17% on retail. So, disbursement will be about 24-25%."
Non-bank lenders that depend on banks for a significant portion of their borrowings are now turning to other more expensive options for funds, including deposits and bonds
The Federal Reserve will likely move closer Wednesday to cutting its key interest rate after nearly two years of hikes that were intended to fight the worst inflation in decades. The central bank's benchmark rate influences the cost of most consumer and business loans, and companies, investors and individuals have been eager for the central bank to ease the cost of borrowing. The Fed is assessing the economy at a time when the intensifying presidential race is pivoting in no small part on voters' perceptions of President Joe Biden's economic stewardship.
Real estate stocks have lagged the broader market so far in 2024, but analysts see upside when the Fed's rate cut path becomes clearer later this year.