In the FY 2009-10 the top 10 banks have registered a 13.8% increase in their home loan portfolio outdoing their smaller counterparts. Whereas, the growth of home loan market for the fiscal has been slow with industry posting a rise of 8%.
Amongst the top banks, country’s largest lender the State Bank of India is on the top of all home loan lenders with an increase of 32%.
In 2009-10, top 10 banks cornered 65% of the total outstanding housing loans as against 61.5% in the previous year.
However for FY 2009-10 SBI’s contribution in incremental home lending is valued at 78%. The bank's teaser loan rates have helped in increasing its home loan portfolio.
Following SBI is private lender, ICICI Bank in the 2nd place. Although the bank has reported a dip of 17% in its home loan book. Amongst the private banks HDFC Bank and Axis Bank reported increase by 74% and 41% respectively.
Amongst the public sector banks, Bank of India is the sole major public sector bank to post a single digit increase of 7%.
On the other hand NBFCs, HDFC and LIC Housing Finance posted a growth by 15% and 38% respectively.
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