SBI home loans show slower growth
State Bank of India’s (SBI) home loan portfolio grow by less than 2% in the three months ended June – its lowest sequential, or quarter-on-quarter, growth in five quarters.
The portfolio stood close to Rs1,05,000 crore as of June 30, compared with Rs1,02,739 crore as of March 31, according to a senior official at the bank.
The last time sequential growth went below 2% was in the quarter ended March 2011, to 1.91%.
The SBI official told the slow growth is due to the economy slowdown and thus people are not investing in houses which could affect not just home loans, but all markets.
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Source: DNA
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