Highlighting the leadership position of SBI in the housing finance segment, its Chairman CS Setty said the mortgage portfolio is set to cross an important milestone of Rs 10 lakh crore in the current quarter on the back of robust demand.
The country’s largest lender had surpassed Rs 9 lakh crore home loan portfolio during the last financial year.
“We should be reaching the 10 trillion mark, hopefully in this quarter itself,” Setty told PTI in an interview.
SBI has a market share of nearly 28 per cent in the home loan segment, he said, adding that the bank has focused on making home loans accessible across the country.
The lender has more than 460 home loan processing centres across India, increasing accessibility of its housing finance products.
Setty said transparency in pricing and customer trust in the bank’s processes, including documentation and due diligence of builders, are among the key factors driving customers to the lender for home loans.
“People trust SBI the most whe
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