Ravi Karandeekar's Pune Real Estate Market News Blog: Bank loans to real estate hit a steep low in 2006-07

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Friday, June 22, 2007

Bank loans to real estate hit a steep low in 2006-07

NEW DELHI, JUN 21: Notwithstanding the Reserve Bank of India (RBI) asking the banking industry recently to curb lending to realty, bank loans to the sector in 2006-07 were a minuscule Rs 15,800 crore. This is significantly lower than credit disbursed towards development of the real estate sector by other developing countries, especially China........Bank loans to real estate hit a steep low in 2006-07