The banking sector has been highly affected by the slowdown in real estate sector. In the first half of present financial year, there has been a drop of 14 per cent in home loan rate for State bank of India who are leading lender in terms of home loan. According to a senior official of SBI, there has been a shortfall of around 1,000 crore in first half of this year. This year bank has disbursed home loan of close to 7,000 crore. The officials are expecting that for a full year the home loan segment is going to suffer a downfall.
Keeping in mind the present situation, bank is not intending to push as due to it the asset quality stresses out. It is expected that any new announcement regarding this segment in the upcoming budget would be able to change this trend. Big cities like Mumbai and National capital region have a great contribution in boosting home loan volume. The main reason of decline in numbers is slump in this market. State Bank of India (SBI), who is the largest lender, has share of 12 per cent in Mumbai and market share of 9 per cent in NCR region.
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