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State Bank of India (SBI), on Monday, said it surpassed the milestone of ₹5 lakh crore in personal banking advances on November 30, 2022.
India’s largest bank, in a statement, underscored that personal banking advances jumped from ₹4 lakh crore to ₹5 lakh crore in just 12 months.
SBI had reached ₹1 lakh crore mark in personal banking advances in January 2015, followed by ₹2 lakh crore in January 2018, ₹3 lakh crore in August 2020, when Covid-19 was at its peak, and ₹4 lakh crore mark in November 2021.
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Dinesh Kumar Khara, Chairman of SBI, said, “The bank has always strived to set aspirational benchmarks for the industry. A series of tactical measures and digital initiatives undertaken over the past few years played a crucial role in our journey to the ₹5 lakh crore mark under personal banking advances (other than housing).”
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