SBI Home Loan Book to Hit ₹10 Lakh Cr Next Fiscal on Strong Demand

• SBI's home loan portfolio is projected to exceed ₹10 lakh crore next fiscal year, driven by robust demand and a favorable low-interest-rate regime.
• The bank's home loan book recently surpassed ₹9 lakh crore, making it the largest mortgage provider in India.
• Home loans constitute over 20% of SBI's total assets, making it the single largest business unit.
• SBI maintains a low gross NPA of 0.72% in home loans, showcasing effective risk management.
• The bank revised its overall credit growth target to 14% for the current fiscal, fueled by the RAM segment.

Why It Matters: SBI anticipates its home loan book will cross ₹10 lakh crore next fiscal year due to strong demand.