The home loan outstanding at the end of July 2022 is Rs 17.7 lakh crore. There has been a marginal increase in the home loan segment of banks’ overall lending in July 2022 from 14% at the end of July 2021.
The share of home loans in the overall credit of banks will increase after the merger of
And . According to a report in Times of India, the home loan book of banks is expected to reach Rs 21 lakh crore after the merger.
according to the latest data reserve Bank of IndiaBank credit grew 14.52 per cent to Rs 123.69 lakh crore while deposits grew 9.14 per cent to Rs 169.72 lakh crore in the fortnight ended July 29.
The uptick in the personal loan segment suggests that consumption is slowly returning to normalcy after a prolonged slowdown. covid The curb was also seen in the recent Q1 GDP data, which came in at 13.5% and was lower than expected private consumption An increase of about 26% year on year.
Consumer credit has grown by 16.5 percent since the end of March 2022. Loans against fixed deposit advances increased by 11.8% in the same period.
The industrial credit segment remains a concern, with infrastructure performing better than sectors such as gems and jewellery, telecom, engineering and edible oils.