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Among the various components of the retail loan portfolio, education loan has shown the fastest growth on a year-on-year basis, followed by auto loans and home loans.
While, the education loan portfolio of the bank has grown up by more than 40 per cent to Rs 7,162 crore at the end of June 2009 as compared Rs 5,099 crore in the same period previous year.
SBI is the largest education loan provider in the country and at the end of March 2009, it roughly disbursed 24 per cent of the total education loan distributed by all public sector banks put together.
The figures were put out during the quarterly results of the bank released on Thursday.
In the auto loan segment, the bank distributed loans worth Rs 10,399 crore as on June 30, 2009 compared to total auto loans of Rs 8,059 crore previous year, thereby registering a growth of 29.05 per cent, the highest among all banks.
In fact, in an attempt to improve its market share in the auto loan segment, SBI earlier this year had launched a special auto loan scheme, called SBI Ezee car loans, under which an auto loan seeker need to pay just 8 per cent interest in the first year.
The home loan portfolio of the bank stood at Rs 57,513 crore as on June 30, 2009, up from Rs 46,370 crore previous year, thereby registering a growth of 24.00 per cent on a year-on-year basis.
SBI has launched a special home loan scheme earlier this year offering loans at 8 per cent in first year.
State Bank of India claims it has emerged as the fastest growing home loan provider during the first quarter of the present financial year.
Retail loans also include personal loans, for which the bank didn’t provide separate figures.
abhishekanand
@mydigitalfc.com
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