Ongoing promising trends in Bangalore’s real estate section have prompted State Bank of India to go for about 22 % hike in home loan portfolio, which would amount to nearly 2,200 crores in this fiscal term. Activities are in full swing from their end to make this happen at the earliest. This is likely to be a far-reaching move by India’s largest lender as about ninety-nine percent of their home loan sales are happening in the Bangalore city.
Ashwini Mehra, SBI Bangalore’s Chief General Manager further elaborated on plans to open new processing centers in the outskirts of city as well. The Bank has seen a steady growth and is much ahead of other nationalized home loan providers in Bangalore. The areas on focus in terms of expansion are likely to be Peenya, Hebbal or Yelahanka side.
SBI enjoys dominating presence in Tier II cities as well and is willing to explore the probabilities in regions like Belgaum, Mangalore, Mysore, Gulburga, Hubli etc. The real estate in Mangalore and Mysore is showing significant development and SBI is trying to create the same results in Belgaum, Hubli or Gulbarga.
This is in recognition of growing interest in Bangalore properties by tier II residents.
SBI enjoys dominating presence in Tier II cities as well and is willing to explore the probabilities in regions like Belgaum, Mangalore, Mysore, Gulburga, Hubli etc. The real estate in Mangalore and Mysore is showing significant development and SBI is trying to create the same results in Belgaum, Hubli or Gulbarga.
This is in recognition of growing interest in Bangalore properties by tier II residents.
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