Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI’s data on ‘Sectoral Deployment of Bank Credit’.
Experts from banking and real estate sectors attributed this growth in
Banks' see pick up in credit demand from farm, industry and services sector in Feb 2024 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Among major industries, growth in credit to food processing and textiles accelerated in January 2024 against the corresponding month of the previous year, while that of basic metal & metal products and chemicals and chemical products decelerated.
Bank credit growth moderates to 16.2% in Jan 2024 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Growth in bank credit to industry decelerates to 7.8 pc in Jan: RBI devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.