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Housing finance firms fall up to 5% amid persistent liquidity issues

Press Trust of India  |  New Delhi 

Housing fell by up to 5 per cent Monday amid persistent concerns over liquidity situation.

Shares of tanked 4.60 per cent, Housing Finance tumbled 4.24 per cent, declined 3.24 per cent, fell 2.24 per cent, dropped 0.67 per cent and dipped 0.33 per cent on the

Amid authorities working on ways to tackle the IL&FS crisis, said companies (NBFCs), particularly housing finance firms, are facing liquidity issues but there is "no crisis".

He also emphasised that there is a need to introspect the business models followed in the NBFC sector and adopt the model that is sustainable.

The IL&FS crisis, triggered by debt defaults by some group companies, has sparked off concerns over liquidity in the system, while the corporate affairs ministry last month superseded the holding company's board as part of larger efforts to contain the situation.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 20:15 IST