Finally, the pronounced rise in home equity loans, which have been a growing share of home mortgage debt since 1994, likely reflects the recent marked increase in home equity, the consequence of rapidly rising house prices.
It must be continuous, an ongoing process and must target all sections of the population. Financial awareness has to be spread amongst the excluded masses that are illiterate and poor. For this, evolving an appropriate Business Model & an Efficient Delivery Mechanism is the major challenge for banks.