Home loan origination volumes decline 9% in June quarter, says report

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Home loan origination volumes decline 9% in June quarter, says report - Business Standard

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Interestingly, the decline in origination volumes and the sluggish growth in outstanding balances came at a time when the incidence of non-payment of loans reduced during the quarter, the report said, pointing out that the advances overdue for over 90 days stood at 0.9 per cent in June 2024, showing a 0.32 per cent improvement.

The outstanding balances on home loans grew only 14 per cent during the quarter, making it the slowest growth across all categories which constitute retail lending, the report said.

Home loan originations dropped 9 per cent in the June quarter, according to a report released on Monday.