SBI Says Personal Banking Advances Cross Rs 5 Lakh-Crore Mark

0
32


SBI Says Personal Banking Advances Cross Rs 5 Lakh-Crore Mark

SBI took a year to book the last Rs 1 lakh crore of advances. (File)

Mumbai:

SBI today announced that its personal banking advances excluding high value home loans have crossed the Rs 5 lakh-crore mark.

The largest lender in the country took a year to book the last Rs 1 lakh crore of advances, as against over 15 months for the previous Rs 1 lakh crore and over 30 months for the previous Rs 1 lakh crore, as per an official statement.

“A series of tactical measures and digital initiatives undertaken over the past few years played a crucial role in our journey to the Rs 5 lakh-crore mark under personal banking advances,” the bank’s chairman Dinesh Kumar Khara said.

Dinesh Kumar Khara stressed that the Rs 5 lakh crore excludes housing loans, where the bank has the numero uno position in the market.

Personal Banking advances mainly comprise personal loans, pension loans, auto loans, education loans, gold loans, and other Personal loan products, the statement said.

SBI has 22,309 branches, over 65,000 automated teller machines and also 66,757 business correspondent outlets, which drive the entire retail banking franchise. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Featured Video Of The Day

Sensex Rallies Over 900 Points, Tracking US Stocks Best Performance Since 2020



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Enable Google Transliteration.(To type in English, press Ctrl+g)