State Bank Of India

State Bank of India, county’s largest public sector lender’s home loan disbursement during the year up to November has been decreased by Rs 1,000 crore. The fall in disbursement is because of reduction in home sales across top cities due to high home prices and growing interest rates. In April-September 2011, SBI disbursed home loans worth Rs 12,700 crore, down from Rs 13,900 crore in the same period last year.

Along with the SBI, most bank including Housing Development Finance Corporation (HDFC) and Axis bank witnessed the fall in home loan disbursement especially in Mumbai and NCR, the silver lining has been tier-II and tier-III cities.

SBI is likely to get around Rs 6,000 crore from the government as part of equity infusion plan. The Ministry of Finance, Government of India (GOI) has decided to infuse Rs 16,000-17,000 crore under equity infusion plan, in public sector banks during the current financial year.