The RBI has recorded that the loans for commercial real estate are rising at http://www.blogger.com/img/blank.gifa very high pace with almost an increase of 15 % from the preceding year than 2010-2011 which rose to Rs 111836 crore in the said year. Much surprising fact is the loans for agricultural sectors have decreased over the period and even amidst very rigorous laws for advancing loan for commercial real estate the amount seems to be ever rising. Some analysts claims that the significant increase in a result of the involvement of major real estate companies in the 2G scam but the overriding fact that against the deceleration of 0.3% as reckoned in 2009-10, the rise of 15% in the year 2010-11 was much above expectation.
Also in the personal loans sector a significant increase of about 17 % as against 4.1 % which was recorded in the previous year. In the year 2010-11 the total credits for personal loans rose to Rs. 6.85 lakh crore as against Rs. 5.85 lakh crore in 2009-10 and Rs. 5.62 lakh crore in 2008-09. Credit card outstanding also declined by 10.2 % in the year 2010-11. Credit advancements from banks recorded an increase by 20.6 % which is enough to feel an upsurge in the economy of he country.
Also in the personal loans sector a significant increase of about 17 % as against 4.1 % which was recorded in the previous year. In the year 2010-11 the total credits for personal loans rose to Rs. 6.85 lakh crore as against Rs. 5.85 lakh crore in 2009-10 and Rs. 5.62 lakh crore in 2008-09. Credit card outstanding also declined by 10.2 % in the year 2010-11. Credit advancements from banks recorded an increase by 20.6 % which is enough to feel an upsurge in the economy of he country.
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