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Banks to continue to lend to realty, housing: top bankers

O P Bhatt
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(SBI) Chairman today said banks will not stop lending to the real estate and the housing segments because of the scam unearthed by the .

The real estate and the housing segments are important for the economy and, hence, banks will not stop lending (to them), Bhatt told reporters after a meeting of the (IBA) here.

He said what has happened is not a "system-wide issue" as only a few individuals have been arrested.

The bank always monitors the end use of the fund it lends, the SBI Chief said.

HDFC Bank Managing Director and 's Chief , both said the scam does not point to any systemic problem.

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