SBI is the country’s largest lender, chairman claims – will remain at the forefront in times to come
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HDFC Bank was not very active on the home loan front before the country’s biggest merger ($ 40 billion) that came into effect from July 1. After getting the home loan account, he used to sell it to his parent company HDFC for a fee.
Mumbai State Bank of India (SBI) Chairman Dinesh Khara on Friday said that SBI has been leading the home loan market and will continue to do so. Khara told reporters here that the total housing loans of SBI stood at Rs 6.52 lakh crore till the June quarter. “We have been, are still and will continue to be the largest lender in terms of home loans. He was asked a question about the current state of the home loan market after the merger of home loan major HDFC with HDFC Bank.
HDFC Bank was not very active on the home loan front before the country’s biggest merger ($ 40 billion) that came into effect from July 1. After getting the home loan account, he used to sell it to his parent company HDFC for a fee. HDFC Bank’s collective housing loan exposure is pegged at Rs 7.3 lakh crore by March 31, 2023, according to multiple analysts but the bank did not disclose its figures in the June quarter results.
HDFC shares have expired since July 13. By that time SBI’s home loan exposure stood at Rs 6.4 lakh crore. SBI became the home loan market leader in February 2021, overtaking HDFC. SBI’s market share at that time was 23.5 per cent while HDFC’s was 17 per cent.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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