SBI’s Rs 10 Lakh Crore Home Loan Target By 2026 May Well Be Conservative

State Bank of India’s home loans recently breached Rs 5 lakh crore in assets under management. And India’s largest bank is looking to leverage its market leadership and extensive network to double the size of this loan book.
To reach its initial target of Rs 7 lakh crore home loans by 2024, the bank will have to grow its book at just under 12% on a compounded annual basis. And in the following two years till 2026, the growth rate will have to go up to 19.5%.
These might seem like stiff targets, but given the bank’s track record over the past five years, if interest rates remain low and housing demand ratchets up, SBI may well hit the Rs 10-lakh-crore mark earlier.

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