Indian banks approach Rs 4 Lakh crore mark in commercial real estate exposure bizzbuzz.news
In a significant development in India's banking sector, the contribution to commercial real estate loans by banks is nearing the Rs 4 lakh crore mark. This milestone underscores the substantial involvement of financial institutions in financing the country's commercial property market, including office spaces, retail outlets, and other commercial developments. Indian banks are witnessing a notable surge in lending to the commercial real estate sector, signaling a renewed confidence in the market's stability and attractiveness. Recent data from the Reserve Bank of India (RBI) reveals a robust 22.94% year-on-year growth in the commercial real estate portfolio of scheduled commercial banks (SCBs), reaching an outstanding value of Rs 3,96,579 crore by March 22, 2024.
