PROJECT REPORT ON STUDY ON HOME LOANS OF ICICI BANK

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PROJECT REPORT ON STUDY ON HOME LOANS OF ICICI BANK

👇  Report

Retail banking has been popular segment to enter into for many banks. In the retail banking, housing sector has been most promising segment which is promising a Comprehensive growth rate of about 30 per cent for the next five years. With the government keen on infrastructure development and announcing various tax Sops housing loan segment has been a tempted area for many banks to enter into housing sector can be bifurcated into organized and unorganized segments with the unorganized segments accounting for over 75 per cent of the housing units constructed.

During the past 4 – 5 years the housing sector helped by the growing housing finance industry has witnessed significant developments.

Housing Finance Evaluation:

Housing Development Finance Corporation (HDFC) was the first housing finance Company to setup operations in India in 1977. After the National Housing Bank Act, 1987, was passed NHB came into existence as a Subsidiary of the Reserve Bank of India (RBI) to regulate housing finance companies and provide them with refinancing to supplement their fund requirements. Public sector banks were allowed to provide housing loans directly to retail clients only in 1988.