Despite high interest rates, rising disposable incomes and affordability is leading to high growth in housing loans have grown 15.7% (as on September 23, 2011) against 10.2% during corresponding period last year. As on September 23, total outstanding to housing sector stood at Rs 3,66,889 crore.
According to the data on bank credit as on September 23, 2011 released by RBI (Reserve Bank of India) most of the components of personal loans such as housing, advances against fixed deposits, advances to individuals against shares, bonds and vehicle loans registered speedy growth.
According to the data on bank credit as on September 23, 2011 released by RBI (Reserve Bank of India) most of the components of personal loans such as housing, advances against fixed deposits, advances to individuals against shares, bonds and vehicle loans registered speedy growth.
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