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India: Housing loans grow 20pct

Posted on 09 November 2010

From Indiatimes.com: The Reserve Bank of India on Monday said that home loan disbursals rose by 20 per cent to Rs 3.15 lakh crore in 2009-10 compared to the year-ago period, primarily helped by lower interest rate.
In its report ‘Trend and Progress of Banking in India 2009-10′, RBI said that while home advances rose, loans for other retail segments such as auto, consumer durables and personal purposes dropped in the last fiscal……………………………………….Full Article: Source


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