Sunday, October 9, 2022

No material impact of rate hike on demand for home loans, shows RBI data

Home loan outstanding of banks has clocked double-digit growth in the first five months of the current fiscal, despite the Reserve Bank raising the key interest rate thrice during this period by a whopping 140 basis points (bps), which led to a hike in the home loan rate.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/no-material-impact-of-rate-hike-on-demand-for-home-loans-shows-rbi-data/articleshow/94741895.cms

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