|Bid||329.35 x 0|
|Ask||329.40 x 0|
|Day's range||326.55 - 339.80|
|52-week range||149.55 - 426.45|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||13.63|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
India's largest lender, State Bank of India, plans to double its home loan portfolio to 10 trillion rupees ($137 billion) in the next five year after crossing the 5 trillion mark in January, the bank's top executive said. "Home loan is the biggest business unit of the bank now and will continue to be an important growth driver," SBI Chairman Dinesh Kumar Khara said in a media conference. The lender's home loan book has grown by five times in the last decade from 86,000 crore rupees in 2011.
India's largest lender, State Bank of India, cut its annual loan growth expectations on Thursday as corporate lending remained subdued, while a return to pre-pandemic levels of retail growth drove third-quarter profit well past estimates. The Mumbai-based bank expects credit growth to be 7% for the financial year ending March 31, Chairman Dinesh Khara said on a post-earnings call, compared to a prior estimate of 8%-9%. Lower spending by the country's private sector has slowed corporate loan growth and it is unlikely to improve significantly in the last two months of this financial year, said Khara.
State Bank of India, the country's largest lender by assets, on Wednesday forecast stronger annual credit growth and beat estimates for quarterly profit as economic activity gathers momentum after being hammered by one of the world's strictest lockdowns. SBI rounds off a strong quarterly earnings season for Indian banks as many benefited from a drop in bad loan provisions or increased interest income and pointed to improved retail demand during the festive season. The bank now expects credit growth to be between 8%-9% for the year, it said, compared with an earlier forecast of 8%.