MUMBAI : As the home loan market in India, comprising close to 50% of the retail loan segment, goes through a churn over the growing economic uncertainty, lenders are hitting the brakes on fresh disbursements of sanctioned facilities.According to industry watchers, a growing number of banks and NBFCs are reappraising sanctioned loans, carefully vetting the financial condition of the borrower since the beginning of the lockdown in March this year.
Jorty M Chacko, executive director, IDBI Bank said that the bank is evaluating home loan disbursements to understand the repayment capacity of the borrowers under the changed scenario.