State Bank of India still No 1 in home loans portfolio

India's largest bank, State Bank of India’’s home loans portfolio as on 2011, June 30 stood at Rs 89,881 crores. It was  recording a growth of 20.37% year-on-year. This growth is higher than the industry home loans growth of 17% recorded in April - June period in 2011.

When SBI's CMD Mr. Pratip Chaudhuri discontinued, “SBI Easy Home Loan and SBI Advantage Home Loan” popularly known as 'teaser loans from May,  2011, he was confident that the SBI’s home loans portfolio will continue to grow and the bank will be able to maintain its number one position in the Indian home loans market. And he was now proved it.

Under the teaser scheme the bank charged 8% interest rate for the first year and next years it will be increase of a home loan re-payment. The scheme was stopped after the Reserve Bank of India ( RBI) raised concerns.

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