NEWS & ADVICE : HOME LOANS
HDFC again nearing SBI in home loan biz
By Joseph Samson
May 18, 2011
Print    Email    RSS   

The last fiscal had seen the country's largest lender State Bank of India taking lead in the housing finance business thereby putting behind housing finance major, HDFC.

With the coming of the new financial year, HDFC is expected to again take lead in this domain unless SBI prices its home loans lower than the former, say analysts.

In the last fiscal, the overall home loan business of SBI stood at Rs86,769 crore while that of HDFC lay at Rs85,649 crore.

"We expect loan growth to be in line with the industry. It won't go above industry levels, but it won't fall either," said Vaibhav Agarwal, vice-president (research), Angel Broking.

"The home loan market, as such, is seeing a slowdown. Moreover, SBI has raised interest rates. This will affect its portfolio. We don't think it (SBI) will be able to sustain the growth that it has shown in the past," said another Mumbai based analyst.

"SBI might have a higher reach, but look at the paper work involved in taking a home loan from them. They got a higher portfolio only because of their teaser scheme," says Suresh Sadagopan, who runs Ladder 7 Financial Advisory Services.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to increase one’s Home Loan Eligibility
Save tax with ELSS
Loan against Property: A shoulder to rest...
Refinancing your home loan: is it a...
Evaluate Hidden costs before buying a house


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive