MoneyWorks4Me

SBI preparing to start co-lending model for home loans

11 Feb 2021 Evaluate

State Bank of India (SBI) is preparing to start a co-lending model for home loans with an aim to increase its presence in the unorganised segment. It has waived the processing fee till March for borrowers availing home loans for the bank's approved projects.

The bank is also working on themes like focused development of the home loan business, refined analytics for boosting growth, easing home loan journey for customers, and post disbursal engagement with home loan customers.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 948.20
PNB 116.50
Bank Of Baroda 237.40
Canara Bank 119.70
Union Bank Of India 172.70
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