State Bank of India (SBI) has witnessed a rebound in domestic advances growth to 5.67 percent in 2020-21, while corporate credit de-grew over 3 percent. Despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021. Deposits grew in double digits, while advances rebounded compared to the preceding fiscal year.
The bank's strong domestic loan growth was led by growth in retail personal loans, which grew 16.47 per cent to Rs 8.71 crore during the reported year, driven by home loans, Xpress credit and gold loans.
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.
