MUMBAI: The tables have turned. Indian banks are gaining at the expense of mid-size and small non-bank lenders as far as fresh home loan mortgages are concerned.

While most large banks like State Bank of India, ICICI Bank and Kotak Mahindra Bank relied on home loans to post strong retail growth in the September quarter, non-bank lenders such as PNB Housing Finance NSE 0.44 %, L&T Finance and LIC Housing Finance saw mortgage loan growth contract over last year. Mortgage market leader Housing Development Finance Corp, however, continued to post growth.

Source: Livemint


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