)
The home loan portfolio of country's largest commercial bank, State Bank of India (SBI), stood at 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 bank official said.
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.
The PSU bank has set up a speacialised department called Retail Asset Central Processing Centres at Bhubaneswar and Cuttack for giving loans at the shortest possible time.
SBI plans to open 36 new branches on January 26 and 350 more ATMs by the end of this fiscal.The bank claims that its home loan product is priced lower compared to its peers. SBI's current interest rate on home loan stood at Rs 10.15 per cent for loans upto Rs 75 lakhs and at 10.30 per cent above Rs 75 lakhs. The bank is offering a special concession of 0.05 per cent for women borrowers.
The commercial bank has entered into builder tie ups in 142 projects in the state out of which 130 projects are located in Bhubaneswar.
The bank's gross NPA (non-performing assets) in the state is pegged at around 13 per cent.
SBI organized a two-day Home Loan Expo, a property exhibition, at Bhubaneswar, in which 28 real estate companies participated.
