State Bank Of India

State Bank of India has launched an initiative to provide doorstep services and expedite home loan application process. It has over 3 million home loan customers with a portfolio of over Rs 16, 60,000 crore.

The initiative known as ‘Project Tatkal’, will help get the loan within 10 days after receipt of application form and relevant supporting documents. The implementation will be done at large centres with sizeable home loan business.

The bank has posted a rise of 65.52% in its net profit at Rs 134.42 crore for the quarter ended March 31, 2015 as compared to Rs 81.21 crore for the same quarter in the previous year. Total income of the bank has increased by 11.55% at Rs 1308.04 crore for quarter under review as compared to Rs 1172.58 crore for the quarter ended March 31, 2014.