'Need to develop housing finance database'

Central bank official says RBI should establish links with MCA database to improve their coverage of corporate statistics

The Reserve Bank of India (RBI) sees the need for developing a database on housing finance. “Keeping in view the demand-supply gap, our favourable demography, increasing urbanisation and growth prospects, the demand for housing finance will continue to grow. At the same time risks also arise to household and bank balance sheets with fluctuation in prices and changes in the business cycle. Hence, there is a need for developing a data base on housing finance,” said Deepak Mohanty, executive director, RBI in Mumbai. According to Mohanty availability of statistics on housing ...