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The volume of low value home loans, with value less than Rs. 35 lakhs, are 76% of the originations have dropped by 4%, impacting the overall home loan growth. Overall, home loans have shown a 9% growth in value in Q2 of this fiscal.
Mumbai, India, 6 February 2024 – India’s retail lending showed moderated growth during quarter ending September 2023 as financial institutions tightened supply of credit, especially on consumption-led products like credit card, consumer durable loans
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