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85% of housing loans now carry 7-9% interest rates, down from higher bands in 2023; what does this mean
RBI is in focus.
· Business Today Mkts
Around 85% of India’s bank housing loans by value now carry interest rates of 7-9%, while 15% are priced above 9%, according to Capitalmind CEO Deepak Shenoy. The shift marks a change from 2023, when housing loans were more concentrated in the 8-10% interest-rate range, based on RBI data.
The analysis
RBI reported movement of 9%, 85% and -9%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.