State Bank Of India

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SBI crosses Rs 5 lakh crore mark in personal banking advances excluding home loans

Date: 06-12-2022

State Bank of India (SBI) has crossed the Rs 5 lakh-crore mark in its personal banking advances excluding high value home loans. The largest lender in the country took a year to book the last Rs 1 lakh crore of advances, as against over 15 months for the previous Rs 1 lakh crore and over 30 months for the previous Rs 1 lakh crore.

Personal Banking advances mainly comprise personal loans, pension loans, auto loans, education loans, gold loans, and other Personal loan products.

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.