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Mortgages offer silver lining for India's banks as business loans ebb

Home loans pose lower bad-debt risks for banks than corporate loans; smaller towns are driving demand
Friday, January 29, 2016 - 05:50

Mumbai/New Delhi

INDIA's banks, struggling to boost mainstay corporate loans, are finding a bright spot in a home-buying spree in the country's towns that has driven mortgage-loan growth to the fastest rate in at least six years.

Top lender State Bank of India (SBI), and two big