Its true that floods have hit Chennai badly... My heartfelt feelings are with the affected.. But coming to its effect on repayment of housing loans.. ideally a person opts for home loan considering their long term stability in income and such situations are bound to arise in anyone's life... I am aware that Chennai floods have affected people at large and its not an isolated event for an individual customer, hence I feel that people may find tough to pay their immediate EMIs but certainly its not going to take long when things will turn GOOD for people and they will be able to bring things to normalcy including paying long term plans of life e.g. housing loans
I feel that its impact on Repco's earnings will be minimal & even may not see any noticeable impact in Q3 or annual results.
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