Banks have been pumping up the real estate boom by rapidly increasing the loans to higher cost housing, says the monthly RBI Sector Data.
RBI releases data on Credit by sector every month. As of August, Bank Credit had gone up to Rs. 56.22 trillion (Rs. 56.22 lakh crore). This has gone up 3x since 2007, a CAGR of 17%.
However growth rates on a . . .