SBI’s personal loan portfolio crosses Rs. 5 lakh crore mark

SBI said it has surpassed the Rs 5 lakh crore mark in the personal banking advances as on November 30.

“A series of tactical measures and digital initiatives undertaken over the past few years played a crucial role in our journey to the Rs 5 lakh crore under personal banking advances (other than housing),” said Dinesh Khara, chairman, SBI.

The lender marked the first Rs 1 lakh crore mark in January 2015, followed by Rs 2 lakh crore in January 2018, Rs 3 lakh crore in August 2020, when Covid-19 was at its peak, and the Rs 4 lakh mark in November 2021.

Personal banking advances mainly comprise personal loan, pension loan, auto loan, education loans, personal-gold loan, and other personal loan products.