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Home loan outstanding up by ₹10 lakh cr in last 2 yrs; reaches ₹27 lakh cr in March: RBI data

Home loan outstanding up by ₹10 lakh cr in last 2 yrs; reaches ₹27 lakh cr in March: RBI data
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Mohit Jain , Samir Jasuja , Karthik Srinivasan , Madan Sabnavis , Group Head , Sectoral Deployment Of Bank Credit , Home Developers , Housing Development Finance Corporation Ltd , Krisumi Corporation , Sectoral Deployment , Reserve Bank , Chief Economist , Senior Vice President , Managing Director ,

Home loan outstanding up by Rs 10 lakh cr in last 2 yrs; reaches Rs 27 lakh cr in March: RBI data

Home loan outstanding up by Rs 10 lakh cr in last 2 yrs; reaches Rs 27 lakh cr in March: RBI data
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Samir Jasuja , Madan Sabnavis , Mohit Jain , Karthik Srinivasan , Home Developers , Krisumi Corporation , Housing Development Finance Corporation Ltd , Sectoral Deployment Of Bank Credit , Group Head , Sectoral Deployment , Reserve Bank , Chief Economist , Senior Vice President , Managing Director ,

Home loan outstanding up by Rs 10 lakh cr in last 2 yrs

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 housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand.

According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing ) stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022. ....

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