Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July

Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July: As per RBI data Bank lending to the commercial real estate segment increased by 38 percent in July 2023 from July 2022.

Daily Current Affairs Quiz: September 2023

Outstanding loans in the segment climbed to Rs 4.07 lakh crore as of July 28 2023 compared with Rs 2.94 lakh crore on July 29, 2022.

Comparatively loan growth was 3.6 percent in the period from July 30, 2021, to July 29, 2022. In the housing segment, bank loans jumped 37 percent to Rs 24.3 lakh crore at the end of July 2023 from Rs 17.7 lakh crore a 2022.