SBI home loans cross Rs 1L cr mark

The home loan portfolio of State Bank of India has crossed Rs. one lakh crore mark.

The home loan portfolio of the State Bank of India has crossed a record Rs.one lakh crore mark covering 20 lakh familities.

The information came to light during an all India conclave on personal banking business at Parwanoo near here in Himachal Pradesh which was inaugurated by A Krishnakumar,Managing Director and Group Executive (National Banking). The conclave was organized to brain storm on the strategies to be adopted to give a fillip to our personal banking business.

Krishnakumar said that the SBI has become country’s largest home loan provider. He asked the participants to deliberate on ways and means by which the products of SBI can be made more attractive and customer friendly.

The conclave was also attended by senior functionaries from all the Circles of the Bank and hosted by N.K.Chari,Chief General Manager,State Bank of India,Chandigarh Circle. Incidentally,Krishnakumar was General Manager of Chandigarh Circle from September 27,2004 to March 29,2006.

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