Tested naw Stressed yesRBI backed itself into a corner with a debt that the market placed as unserviceable.
CRE has the superior resource absent to date of debt encumberances.
The question will be market sentiment in the sector and the outcome of the shut down RBI faucility.
I would care to guess debt protection will be forthcoming backed by some level of government assistance.
Curious times with unpredictable outcomes for sure.