SBI home loans cross ₹10 lakh crore soon: What does it mean?
- SBI Chairman CS Setty said the bank’s home loan portfolio is expected to cross ₹10 lakh crore this quarter on the back of strong demand.
- SBI had already crossed the ₹9 lakh crore home loan portfolio milestone last financial year, maintaining its leadership in housing finance.
- The lender holds nearly 28% market share in the home loan segment and operates more than 460 home loan processing centres across India.
- SBI said home loans support wider economic growth, with more than 200 industries linked to residential and commercial real estate activity.
Source: business-standard.com
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