Housing Finance showed nearly 19% yoy growth in West Bengal

West Bengal attracts 58% of retail lending in East India. The housing loan portfolio in West Bengal is nearly at Rs 51,200 crores. Nearly 44% of this (Rs 22,500 crores) is in Kolkata. Subhrangshu (Head-Sales, CRIF High Mark) shared these insights at a recent press meet at Kolkata. He also shared that retail lending in West Bengal will continue to show growth mainly driven by housing finance. 55% of the existing book is with Public Sector Banks, Housing Finance Companies are likely to show more growth in coming years.

Publication: Dainik Jagaran, Kolkata, May 18th edition

Publication: Aaj Kal, Kolkata, May 18th edition