A Comparative Study of Growth and Performance of Housing Finance Companies and Scheduled Commercial Banks on Housing Finance in India
Keywords:
Housing, Housing Finance, Commercial banks, Housing finance companies, outstanding housing financeAbstract
As per as human beings are considered, a house is a symbol of security. Therefore After toiling throughout the day, house is a place where we can learn to seek shelter. Therefore every individual dreams of a house of his own. The number of new houses being built is a good index of countries to prosperity. As far as the common man is concerned, to obtain a dream house is a costly affair. Sensing this pecuniary problem facing the common man many financial institutions have embarked upon housing finance. Commercial banks and housing finance companies are the two important entities competing with each other to attain the national goal of Housing for All by 2022. Commercial banks are on the lead among the formal housing finance sector in India from 2003 onwards followed by Housing Finance companies. Observing their crucial role in the field of housing finance, this study is an attempt to comparatively analyze the growth and performance of housing finance companies and scheduled commercial banks on housing finance in India for the period for 2005 to 2017.
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