State Bank of India’s (SBI)’s non home loan retail book has surpassed the milestone of Rs. 5 lakh crore, growing over Rs 1 lakh crore in the last one year, the bank said in a statment.
The bank’s personal loan segment which includes loans to individuals for consumption, auto loans, education loans and loan against gold has grown from Rs 1 lakh crore in January 2015, Rs. 2 lakh crore in January 2018 and Rs. 3 lakh crore in August 2020 and the Rs. 4 Trillion mark in November 2021.
“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.