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SBI sanctions Rs 2776 cr home loan in Odisha in FY'14

By Religare

SBI sanctions Rs 2776 cr home loan in Odisha in FY'14
Country's largest lender State Bank of India (SBI), has reported fresh loan disbursement of Rs 2776 crore in Odisha as on December 31, 2013 out of Rs 1,30,000 crore of the total home loan advanced in the country, a Business Standard report said.

According to BS report, the number of accounts through which loans are advanced stood at around 60000. In 2013-14, the PSU bank has advanced Rs 187 crore to 4500 prospective home owners till date.

"The banks business basket include Rs 50,000 crore deposits and Rs 16200 crore advances in the state. The advances include Rs 6800 crore personal loan, Rs 2776 crore home loan", said Krishna Mohan Trivedi, Chief General Manager, Local Head Office, State Bank of India. The net profit of the bank's Odisha operation stood at Rs 771 crore as on December end, he added.

Dion Global Solutions Ltd.

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