Asset quality issues to affect performance of real estate-focused non-banks till FY2023: Study


Asset quality issues to affect performance of real estate-focused non-banks till FY2023: Study

Icra expects the real estate AUM of non-banks to contract further by 5-10 per cent in the current fiscal. It is expected to stabilise in FY2023 (0-5 per cent degrowth), the agency said.

Capital markets regulator Sebi had in December 2021, approved the deal where Blackstone acquired 71 per cent stake in the company. Earlier it had received a nod from the Competition Commission of India.


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