Booming realty business across the country is making all the major financial roots to calculate their future vision to continue the pace the progress. According to the sources of www.propertykhaza.com the mega brand in the Indian banking sector State Bank of India is pursuing a wide range of study for the tremendous growth of the real estate business in India. After looking to its inside records the number of section loans has increased just the double in concern with the realty dealings and is much more then what is achieved by the other private and international brands of banking.
It has also some cautious lines from various financial analysts to get ready for a steep fall in their growth as compared with the steep rise in their dealings mainly in realty segment. A source of www.propertykhazana.com reveals that by the end of the second quarter in September the NPA of gross Non performing assets increased to 4.19% which was at 3.35% for the same period of last fiscal year which was awarded as the maximum in the market. It was recorded a growth of 43.4% in March ending quarter of SBI dealings with the realty trade amounting up to Rs 1.7 trillion .
It was just Rs 1.17 in the last quarter and made a tremendous growth of 23.2 %. Apart from this the loans to the real estate has rose from 13.7 % to 17% according to the various sources in www.propertykhazana.com. One more factor differentiate SBI from the other financial roots is that after the decline of the approaching loans of realty to all the banks the SBI stood at their same position without effecting their calculation.
Source: NIMMA BENGALURU
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