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Credit growth to slip 200 bps to 14% in FY25 on revision in risk weights, slower GDP growth: CRISIL

Credit growth to slip 200 bps to 14% in FY25 on revision in risk weights, slower GDP growth: CRISIL
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Mint Explainer: Behind the worst bank deposit crunch in nearly 20 years

Status Change: Hudco may soon become infrastructure finance company

The Housing and Urban Development Corporation (Hudco), a state-run non-banking financial company, is set to transform into an infrastructure finance company (IFC) to access cheaper funds and reduce borrowing costs. Hudco has made representations to the Reserve Bank of India (RBI) and expects approval within a month or two. To qualify as an IFC, at least 75% of its assets should be deployed for infrastructure lending, and it must meet criteria such as a net worth of ₹300 crore, a minimum credit rating of A, and a Capital to Risk (Weighted) Assets Ratio (CRAR) of 15%.

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