Rising interest rates have hit banks' consumer finance business,
particularly the housing loan segment. In the unsecured loan segment.
The growth in personal loans has moderated to 20% at Rs 81,451 crore
as on November 23, 2007, as against a 35% growth at Rs 1,05,034 crore
in the previous year. The dip in growth is led by a slowdown in
housing loan ****tfolios of banks. Interest rates on home loans have
increased to over 10%, affecting demand. The rising real estate prices
have also had an impact on the loan growth. For more detail visit
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