Home loans recorded highest growth in FY16: RBI
The outstanding home loans of Indian banks for the fiscal 2015-16 rose by ₹1.18 lakh crore to ₹7.46 lakh crore, the highest rise in a fiscal, according to RBI data. Notably, this is the first time that home loans rose by over ₹1 lakh crore in a fiscal. Meanwhile, outstanding vehicle loans rose 22.7% to ₹1.52 lakh crore. 