ADVERTISEMENT
Home Loan Firms Seek Guarantee Cover As They Tread Into Riskier Segments
The outstanding mortgage guarantees given by India Mortgage Guarantee Corp. doubled in the last year.
08 May 2019, 12:18 PM IST
Banks and housing finance companies, which are slowly expanding the pool of customers that they are willing to give home loans to, are experimenting with mortgage guarantees as a way to reduce the risk of default.Mortgage guarantees—a product common and, in some cases, mandatory in developed markets—is relatively new to India. The India Mortgage Guarantee Corp. was the first such firm to be set up in 2014 as a joint-venture between t...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Free
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT