SBI achieves Rs. 5 trillion mark in the home loan segment, BFSI News, ET BFSI
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Country’s largest lender said this growth was achieved in the last 10 years.
Dinesh Kumar Khara, Chairman at State Bank of India said, “We are the cheapest home loan provider and we have the best quality loan profile with very less NPAs. We hope to continue the same growth.”
Khara added, “We will achieve next Rs 5 trillion in 5 years.. and not 10 years.”
Speaking on a media call, he added, “We are also supporting the builder community and and approving their projects.”
SBI‘s flagship digital banking proposition YONO recorded 8% disbursals under the home loans.
On being asked about the home loan rate going forward, he said, “Only time will tell when will revise the Rate of interest.”
He also added that amongst all lenders SBI has the largest book of affordable housing finance under the Pradhan Mantri Aawas Yojana (PMAY).
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