abhishreshthaa
Abhijeet S
HOUSING FINANCE
As at March 2004, the housing finance stood at Rs.1811.75 crore in respect of 41243 accounts. During the current year, the bank has disbursed Rs.1555.19 crore in 27084 accounts. Under Golden Jubilee Housing Finance Scheme, against a physical target of 2500 units, the bank has financed 3492 unit and disbursed Rs.100.12 crore.
With a view to give further boost to the housing sector, the Bank has slashed interest rates on housing loan to a record low level and the housing loan scheme is fine tuned to make it more customer friendly.
Due to the Bank’s innovative strategies, the housing loan disbursements during 2003-04 have witnessed a spectacular growth rate of 160.51% as compared to 2002-03.
As at March 2004, the housing finance stood at Rs.1811.75 crore in respect of 41243 accounts. During the current year, the bank has disbursed Rs.1555.19 crore in 27084 accounts. Under Golden Jubilee Housing Finance Scheme, against a physical target of 2500 units, the bank has financed 3492 unit and disbursed Rs.100.12 crore.
With a view to give further boost to the housing sector, the Bank has slashed interest rates on housing loan to a record low level and the housing loan scheme is fine tuned to make it more customer friendly.
Due to the Bank’s innovative strategies, the housing loan disbursements during 2003-04 have witnessed a spectacular growth rate of 160.51% as compared to 2002-03.