Shaktikanta Das on housing loans
From 'Healthy & Stable': RBI Governor Shaktikanta Das On India's Financial System | RBI MPC | N18V · · CNBC-TV18
“The third issue that is attracting our attention is home equity loans or top-up housing loans as they are called in India, which have been growing at a brisk pace. It is noticed that the regulatory prescriptions relating to loan to value, that is LTV ratio, risk weights and monitoring of end use of funds are not being strictly adhered to by certain entities. Such practices may lead to loan funds being deployed in unproductive segments or for speculative purposes.”
On , Shaktikanta Das, Governor at Reserve Bank of India, spoke about housing loans during 'Healthy & Stable': RBI Governor Shaktikanta Das On India's Financial System | RBI MPC | N18V on CNBC-TV18.
About Shaktikanta Das
Shaktikanta Das, Principal Secretary to Prime Minister Narendra Modi and former Governor of the Reserve Bank of India, delivered several addresses in April 2026 focused on India’s economic resilience and reform agenda. Speaking at the CII Annual Business Summit 2026 and the All India Management Association’s National Leadership Conclave, Das described India’s navigation of recent global crises as akin to a "chakravyuh," where the challenge lies not in entering a crisis but in exiting it without creating new imbalances. He attributed India’s average annual GDP growth of 7.8% between 2021-22 and 2025-26 to targeted fiscal and monetary stimulus that was gradually withdrawn, structural reforms such as the goods and services tax and the insolvency and bankruptcy code, and a policy of strategic self-reliance (Atmanirbharta). Das also highlighted government initiatives including a ₹7,280 crore rare earth permanent magnet manufacturing scheme and a national critical mineral mission, and stated that inflation control benefits the poor by increasing real spending power. Das rejected the narrative that the Reserve Bank’s monetary policy had caused a growth slowdown, citing 7.1% GDP growth in 2024-25 as evidence. He emphasized that India’s growth is anchored in macroeconomic stability, contained inflation, fiscal consolidation, and a resilient financial system, and said there is "no reform complacency" in the government’s pursuit of its Viksit Bharat 2047 vision. At the AIMA conclave, he received a public service excellence award and remarked that resilience maximization is replacing cost minimization as a global priority.