New Delhi, Jul 2 (IANS): Residential housing loans' share on total advances rose to 14.2 per cent in March 2023 from 8.6 per cent in March 2012, according to RBI's financial stability report.
Also several new launches too have added to the sector's growth, said the report, released last week.
During the aforementioned period, the share of commercial real estate (CRE) in total loans has been around 2 per cent to 2.9 per cent, it added.
"Total exposure of the banking system to real estate stood at 16.5 per cent of total loans in March 2023. Given the secured nature of these loans and loan to value (LTV) ratio regulations, loan defaults remain less than 2 per cent," the RBI report said.