State-run banks can do more for affordable housing: IMGC MD & CEO

Price appreciation matters if the property is being viewed as an investment

The Indian Mortgage Guarantee Company (IMGC) — the only of its  kind in the country — has guaranteed over ₹8,700 crore in FY25, up 40 per cent over FY24. The total guarantees written by the company are at about at ₹35,000 crore. IMGC aims to ramp up its portfolio five-fold to ₹1 trillion over the next few years. MAHESH MISRA, managing director (MD) and chief executive officer (CEO) of IMGC, spoke with Raghu Mohan over the phone on issues facing the home loan sector. Edited excerpts:

 

Can you give us a sense of the stress level in home loans? 

We