NEWS & ADVICE : HOME LOANS
Growth in banks’ home loan segment slips to 12.3% in Jan
By Joseph Samson
Mar 13, 2013
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The Reserve Bank of India's sectoral deployment of bank credit data revealed that the slowdown is slowly creeping into the home loan segment.

As on January 25, banks' loans to the housing segment, including priority sector housing in year-year basis slipped down to 12.3 per cent against 13.3 per cent in the year ago period.

Bank loans to the housing segment was at Rs 4,44,600 crore against Rs 3,95,900 crore as on January 27, 2012.

Despite banks have reduced the rates on home loan, home buyers in metros and big cities are not buying properties due to high property prices.

Home loans under the priority sector lending also reported a slower growth of 6.9 per cent in January from 7. 9 per cent in January 2012.


 


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