Home loan outstanding grows by Rs 3.4 lakh crore in 12 months: RBI
By PBNews Credit card outstanding rose by 26.2 per cent, or around Rs 55,000 crore, to Rs 2.67 lakh crore in May this year as against a growth of 31.5 per cent at Rs 2.12 lakh crore a year ago, RBI data shows.
Housing loan outstanding expanded at a faster pace even as the growth in the personal loan segment decelerated on a year-on-year basis in May 2024. Credit growth to housing, the largest constituent of the personal loan segment, accelerated by 16.9 per cent, or Rs 3.40 lakh crore, to Rs 23.49 lakh crore in May 2024 as against a growth of 13.8 per cent at Rs 20.09 lakh crore a year ago, according to the Reserve Bank of India data.
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