Kotak Mahindra Bank would buy Standard Chartered Bank India's ₹4,100 crore personal loan portfolio. This transaction should be completed in three months, pending regulatory clearances and closing conditions. The loans purchased are conventional, easing the transfer for banks and clients.

Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.

Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.

Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.

The state-owned Indian Bank sold ₹610 crore in bad loans to simplify its financial portfolio. The bank plans to straighten up its accounts by the end of the year. Real estate and international trade debts are sold.

Bandhan Bank's request of bids for its INR 775-crore portfolio of problematic affordable housing loans may indicate lower-income hardship, according to sources.

Axis Bank and Mahindra Lifespace Developers (MLDL), the Mahindra Group's infrastructure and real estate subsidiary, partnered. This agreement allows Mahindra Lifespaces customers to get house loans at 0.25% lower than usual rates.

The Reserve Bank of India's Monetary Policy Committee recently announced its decision to maintain the repo rate at 6.5%. This decision has garnered various reactions from the Indian real estate sector

On April 22, 2022 the state-owned Bank of Baroda announced a temporary reduction in the interest rate on house loans to 6.50 percent per year from 6.75 percent per annum.

Following a Supreme Court directive, a consortium of seven banks would pay Rs 1,500 crore in loans to finish the building of the former Amrapali group's delayed projects.

Home loans are frequently rejected by banks for various reasons. Learn how to improve your chances.