Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
State Bank of India (SBI) expects to double its home loan portfolio in the next five years to ₹10 lakh crore on the back of higher economic growth growth and demographic dividend.
India’s largest bank took about 10 years to grow its home loan portfolio from ₹89,000 crore in FY2011 to cross the ₹5 lakh crore mark now, according to Chairman Dinesh Kumar Khara.
He emphasised that delinquency in the home loan portfolio in terms of gross non-performing assets (GNPAs) is only 0.68 per cent of the portfolio. Khara said with the implementation of the retail loan management system, SBI will be in a position to crunch the average home loan turnaround time to 5 days from 12 days.
Also read: Covid-19 to boost digital financial services growth; SBI, large private banks to benefit: Moody’s
CS Setty, Managing Director, said 60 per cent of the existing customers had a credit score of 750 & above. Khara observed that the average home loan ticket size has gone up from ₹25 lakh two years ago to ₹31 lakh now, Khara added.
Of the ₹5 lakh crore home loan portfolio, almost 23 per cent is by way of balance-transfer, especially in metros, from other lenders, he said. Of the total home loan portfolio, ₹4.86 lakh crore is to the individual borrowers and the balance is towards builder financing.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
Go for a standard vector-borne diseases policy if you don’t have a regular health plan
No credit risk is an attraction, but note the nuances
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
A toast to a traditional drip irrigation system still going strong in the Northeast
Raza Mir’s ‘Murder at the Mushaira’ works well as a historical novel that captures the sunset years of the ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...