The State Bank of India’s home loan portfolio has grown to Rs 5 lakh crore and is the largest in the last 10 years.
new Delhi. State Bank of India, the country’s largest government bank, has set another record. SBI has retained its position in the home loan segment. In fact, SBI said on Wednesday that its home loan business has crossed the Rs 5 lakh crore mark.
SBI’s home loan business
bank has increased five-fold in 10 years, SBI’s real estate and housing business has grown five-fold in the last 10 years. Business was Rs 89,000 crore in 2011, which has reached 5 lakh crore in 2021. By FY 2024, this figure can reach 7 lakh crores.
SBI Chairman Dinesh Khara said, “This achievement expresses the trust of the customer towards the bank.” We believe that in terms of the present situation, according to the person with the technology, services are important. ”He said that the bank is working on various digital initiatives to further improve home loan delivery. This includes the Integrated Platform Retail Debt Management System (RLMS). This system will provide all types of digital solutions.
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home loan business in 2004.
Significantly, the bank had entered the home loan business in 2004. The total portfolio at that time was Rs 17,000 crore. A separate real estate and housing business came into existence in 2012 with a portfolio of Rs 1 lakh crore.
