State Bank of India (SBI), the country's largest lender, is poised to achieve another milestone with its home loan portfolio expected to cross the Rs 10 lakh crore mark next fiscal year, driven by robust demand and a favourable low-interest-rate regime.
"Today my home loan portfolio is more than Rs 9 lakh crore...this is the single largest business unit in the bank, over 20 per cent of our total assets," SBI Chairman C S Setty told PTI.
At 14 per cent growth rate, SBI is well on the path to achieve a milestone of Rs 10 lakh crore home portfolio next financial year, he said.
SBI's home loan portfolio crossed Rs 9 lakh crore mark last month, making it the biggest mortgage loan provider in the country.
The bank closed FY25 with the home loan book at Rs 8.31 lakh crore, registering 14.4 per cent growth over the previous financial year.
SBI has built a home loan portfolio in a gradual and steady manner over the years - from Rs 1 lakh crore milestone in March 2011 to Rs 9 lakh crore in 

CS Setty, SBI Chairman, BFSI, Challa Sreenivasulu Setty, Challa Sreenivasulu

At 14 per cent growth rate, SBI is well on the path to achieve a milestone of Rs 10 trillion home portfolio next financial year, he said

Press Trust of India

Union Finance Minister Nirmala Sitharaman, along with Union Minister of State for Corporate Affairs Harsh Malhotra, chaired the 'Chintan Shivir' of the Ministry of Finance and the Ministry of Corporate Affairs here on Saturday.
According to an official statement, all Secretaries of the Ministry of Finance and the Ministry of Corporate Affairs, Chairmen of Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC), and the Chief Economic Adviser to the Government of India were also present at the brainstorming session.
Senior officers from the Ministry of Finance and the Ministry of Corporate Affairs, and associated departments also attended the event.
In a session on "AI, Ease of Doing Business and  Financing for Viksit Bharat", the discussions focused on strengthening institutional capacity and policymaking through the use of artificial intelligence, technology-enabled systems, and process reforms to improve Ease of Doing Business.
"Deliberations .

Union Finance Minister Nirmala Sitharaman

Senior officers from the Ministry of Finance and the Ministry of Corporate Affairs, and associated departments also attended the event

State Bank of India (SBI) Chairman C S Setty on Saturday said that the bank will reassess its policy on construction finance for residential real estate, but stressed that accountability and transparency will be key factors in determining interest rates for such loans.
At present, the bank has almost negligible presence in construction finance for housing projects, but it is slowly building a book on commercial real estate, especially office space.
"So how do we work out on the construction (finance), particularly on the residential real estate, is something that we are working on. But it is also a fact that many of the people who have been aggressive on the residential real estate market have burned their hands," he said, while reminding realtors of past cases of failures due to overleveraging.
"The stability in terms of transparency, in terms of project management, in terms of risk management, gives us some confidence....accountability is something what is going to give confidence

At present, the bank has almost negligible presence in construction finance for housing projects, but it is slowly building a book on commercial real estate, especially office space

Some experts also said that with a significantly strengthened capital base, the lender may consider a move towards becoming a universal bank

Shriram Finance

Business Standard

No signs of overheating in economy; data suggest some slack still persists: DG Gupta

Sanjay Malhotra, RBI, RBI Governor

MPC minutes: Data suggests some slack persists in economy, said Deputy Guv Gupta

RBI intervened to curb speculative bets, say dealers

Rupee

The period saw more demand for vehicle finance (two-wheeler loans and auto loans) and consumer durables; and this also led to an uptick in the CMI for demand to 95 from 92

Top destinations Indians are booking for year-end travel

holiday travel health tips

For the first time since 2014, domestic institutional investors have captured a commanding 52% market share

Real estate

Over 9 crore job applications, 14 lakh jobs posted, and 35% increase in women applications in leadership & managerial roles: reveals Apna.co's "India at Work 2025" report

jobs

From Section 80D to home-loan perks, here's what many taxpayers overlooked last year

TAX, STATE REVENUE

Passengers can carry limited baggage free, but excess weight attracts charges under the railway rules

Railways

Railways says fare hike applies to longer journeys, suburban and short-distance travel spared

Indian Railways

The Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies.

mutual fund, SIP, MF Industry

RBI net sold $11.8 billion in October and supplied dollars to cap rupee weakness near 88.80/$, even as its net short forward position rose to $63.6 billion, the bulletin showed

Reserve Bank of India, RBI

For planning, the split matters. Near-term levels determine the cost of payments due now. Longer-term expectations do not help if your fee deadline is in the next few weeks

rupee, dollar, rupee vs dollar

High-frequency indicators for November show economic activity remained resilient with robust demand, even as RBI flagged global uncertainties and moderated growth momentum ahead

The rupee slipped to 89.72 per dollar on Monday on strong dollar buying in the NDF market, before trimming losses to close at 89.65 as dealers flagged a shift in RBI's approach

Indian Rupee, Rupee down

'Act fast: Rectification can save your refund if ITR isn't processed by year-end,' say experts

Income Tax Bill, Income Tax

Saugata Bhattacharya, external MPC member, spoke on the scope for further rate cuts and how the RBI's foreign exchange market interventions could influence the policy path going forward

Saugata Bhattacharya, external member, Monetary Policy Committee (MPC)

C S Setty says effective liability management will help the bank to protect its margin above 3%

CS Setty, SBI Chairman

Japanese firm OKI sets up a new manufacturing plant in India, banking on strong demand for cash machines and recyclers even as digital transactions soar

Rupinder Sandhu Anand

Jairam Sridharan, MD & CEO, Piramal Finance shares the rationale of the entire exercise and the growth roadmap for the upper layer NBFC in a conversation with Aathira Varier and Manojit Saha in Mumbai

Jairam Sridharan, Managing Director, Piramal Capital and Housing Finance

Ananth Shroff, cofounder and chief executive officer of DPDzero, which uses artificial intelligence (AI) for debt collections, interacted with Raghu Mohan via email

Ananth Shroff

The insurance sector is at a critical juncture. Despite impressive growth in premium income – from Rs 1 trillion in FY05 to more than Rs 6.7 trillion in FY24 – the sector has yet to fully realise its potential in terms of broader penetration and impr

Bima Stack makes purchasing insurance simpler, speeds up claims and strengthens access to products. It gives people control over their data

The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand. In a world where consumer preferences change dramatically, M&As provide companies the means to r

M&A activity in India has largely been unaffected by geopolitical uncertainty

Digital underwriting is not just about making decisions quickly through automation: It ensures greater financial inclusion and improves risk control

Fintechs in the country have grown in the last decade, both in the number of entities and scale. The key growth sectors have been payments, credit, insurance and wealth management, fuelled by angel investors, venture capital (VC) and private equity.

Fintechs in India have a young, technologically savvy population and a well-placed digital infra. Steps taken to ensure regulatory clarity and transparency are improving investor sentiment

money cash merger demerger acquire acquisition

The success of National Urban Cooperative Finance and Development Corporation will revive public confidence in the sector and provide regulatory comfort

Currently, 50 per cent of life insurance investment is allocated to government securities and the balance 50 per cent to other alternative investments

Insurance, Insurance sector

For LIC, the proposed legislative changes will help the company in strengthening its reach, leveraging technology at scale, and for universal insurance coverage

R Doraiswamy

Irdai noted that once infrastructure projects begin commercial operations, their cash flows become more predictable and regulated, significantly reducing funding risks

IRDAI, INSURANCE, FINANCE

The Insurance Amendment Bill empowers IRDAI to limit high commissions, reclaim unlawful gains, and strengthen oversight of intermediaries while opening new investment avenues for insurers

The measure is an "enabler" that will help draw interest from global investors in the pension fund sector over time

insurance

Bloomberg

Finance News: Get latest Banking news, Reserve Bank of India news, FIIs, NBFC, Insurance news, SEBI news, Public and Private sector bank news, NBFCs and gold lending news at Business Standard.

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