SBI's personal banking advances cross ₹5 lakh-cr mark
On Monday, SBI shares were moving closer to their 52-week high. Broadly, the shares were on a bull run
Largest lender in India, SBI has touched a new milestone in personal banking advances by crossing the ₹5 trillion mark by end of November 2022.
This would be a significant achievement considering the bank completed this last ₹1 trillion growth in just 12 months.
Also, the trajectory indicated the bank's progression at an accelerated pace.
On Monday, SBI shares were moving closer to their 52-week high. Broadly, the shares were on a bull run.
The first time SBI struck a ₹1 trillion mark in personal banking advances was in January 2015. The bank has continued to grow steadily hereon.
It marked the ₹2 trillion level in January 2018, followed by the ₹3 trillion mark in August 2020 despite the Coronavirus pandemic being at its peak.
Later, the bank reached ₹4 trillion mark in November last year. In a matter of 12 months, SBI has managed to clock ₹5 trillion mark in personal banking advances.
In its statement, it was revealed that SBI has always been ahead of the curve in offering superior value propositions for its esteemed customers.
SBI's personal banking advances mainly comprise personal loans, pension loans, auto loans, education loans, P-Gold loans, and other personal loan products.