Third Covid-19 wave may knock-off 1-2% growth in HFC assets: Crisil

Growth would still be higher by about 1-2% over fiscals 2020 and 2021. But it would be slower than the broad-based 24% logged between fiscals 2011 and 2019

The third wave of Covid-19 could shave up to 200 basis points (bps) off from the growth in assets of housing finance companies (HFCs) in the current and next financial year (FY23). Sans the risk from the third wave, under base case, HFCs were to deliver a compounded annual growth rate (CAGR) of 9-11 per cent in FY22 and FY23, according to Crisil Ratings.

Growth would still be higher by about 1-2 per cent on average, over fiscals 2020 and 2021. However, it would be slower than the broad-based 24 per cent logged between fiscals 2011 and 2019. There was a