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However, HFCs operating in the affordable housing space, with a total portfolio of Rs 1.2 lakh crore, continued to grow at a faster pace of 28 per cent in FY17 compared to the industry.

Housing credit dips 16 per cent in FY17

CRA expects affordable housing finance to continue to outpace the industry, going forward as well.

21 Jun 2017 6:13 AM IST

London firefighters combed through the burned-out public housing tower Thursday in a grim search for missing people as police and the prime minister launched investigations into the deadly inferno, with pressure building on officials to explain the disaster and assure that similar buildings around the country are safe. (Photo: AP)

Housing credit growth slows to 16 pc in FY17: Icra

Icra expects HFCs' gross NPAs to remain range-bound between 0.9-1.3 pc in the current financial year.

20 Jun 2017 5:33 PM IST