By – Girish Kousgi, MD & CEO, PNB Housing Finance
“The RBI’s decision to reduce the repo rate by 25 basis points and shift its stance to ‘accommodative’ is a welcome move, especially in the current environment of moderating inflation and global headwinds. For the housing finance sector, this signals a favourable lending environment and bodes well for homebuyers, particularly in the affordable and mid-income segments. Lower interest rates will help improve housing affordability and are likely to spur demand for home loans, thereby giving a boost to residential real estate.
Additionally, the RBI’s focus on ensuring adequate liquidity and enhancing credit availability provides confidence to both lenders and borrowers. At PNB Housing Finance, we see this as an opportunity to further strengthen our retail loan portfolio and support the government’s vision of ‘Housing for All.’ We expect this policy stance to positively influence buyer sentiment and encourage more people to fulfil their aspiration of owning a home.”