No material impact of rate hike on demand for home loans, shows RBI data

Home loan outstanding of banks has clocked double-digit growth in the first five months of the current fiscal, despite the Reserve Bank raising the key interest rate thrice during this period by a whopping 140 basis points (bps), which led to a hike in the home loan rate.

from Banking/Finance-Industry-Economic Times https://ift.tt/KXypuFz