State Bank Of India announced on Monday that its personal banking Advances excluding high value home loans have crossed the Rs 5 lakh crore mark. According to an official statement, the country’s largest lender took over a year to book advances worth Rs 1 lakh crore, compared to 15 months for the last Rs 1 lakh crore and 30 months for the last Rs 1 lakh crore. Took longer than

“A series of strategic measures and digital initiatives taken over the last few years have played a significant role in our journey to Rs 5 lakh crore under personal banking advances,” the bank’s chairman said. Dinesh Kumar Khara Told.

Khara insisted that the Rs 5 lakh crore does not include housing loans, where the bank has the number one position in the market.

Personal banking advances mainly include personal loans, pension loans, auto loans, education loans, gold loans and other personal loan products. SBI has 22,309 branches, over 65,000 Automated Teller Machines as well as 66,757 Business Correspondent outlets, which run the entire retail banking franchise.