Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 229)

2023-09-05 Finance

229.

What is the record-high bank credit outstanding to real estate in India in July 2023?

Rs 32 trillion

Rs 22 trillion

Rs 35 trillion

Rs 28 trillion

Answer: Option

Explanation:

The Reserve Bank of India (RBI) data showed that bank credit outstanding to real estate in India reached an all-time high of Rs 28 trillion in July 2023. This was driven by both housing and commercial real estate segments, with annual increases of approximately 37.4% and 38.1%, respectively.