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PSU banks ace home loans
Mint Mumbai
|May 22, 2025
Market share of PSU banks in home loans rose to 46.4% at FY25-end from 45.1% a year ago, private banks' fell
Public sector banks have been gaining market share over their private sector peers in mortgage or home loans, thanks to an aggressive push in tier-3 cities and beyond, and as private sector banks grapple with margins.
As of the end of FY25, the market share of PSU banks in home loans rose to 46.4% from 45.1% a year ago, whereas that of private banks fell to 53.6% from 54.9%, as per data compiled by Mint. The growth in PSU banks' home loans portfolio outpaced that of private banks in FY24 as well.
State-owned lenders added home loans worth ₹2.1 trillion to their balance sheets, amounting to a market share of 56.5% in terms of loans distributed in FY25. In comparison, private sector banks added home loans worth around ₹1.6 trillion, or 43.6% of the loans for the year.
This story is from the May 22, 2025 edition of Mint Mumbai.
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