SBI home loan book set to surpass ₹10 lakh crore next fiscal year on strong demand, says Chairman C S Setty

The home loan portfolio of India’s largest lender, State Bank of India (SBI), is expected to cross the ₹10 lakh crore mark next fiscal year, on the back of robust demand and a favourable low-interest-rate regime.

"Today my home loan portfolio is more than ₹9 lakh crore...this is the single largest business unit in the bank, over 20% of our total assets," a PTI report quoted SBI Chairman C S Setty as saying.

At 14% growth rate, SBI is poised to achieve a milestone of ₹10 lakh crore home portfolio next financial year, he said.

The bank’s home loan portfolio crossed the ₹9 lakh crore mark last month, making it the biggest mortgage loan provider in the country. It closed FY25 with the home loan book at ₹8.31 lakh crore, marking a growth of 14.4% year-over-year (YoY).

SBI’s home loan portfolio has grown gradually over the years, rising from ₹1 lakh crore in March 2011 to ₹9 lakh crore in November 2025.

Meanwhile, the bank has been able to contain non-performing assets (NPAs) in the segment to less than 1% due to its constant proactive monitoring. At the end of FY25, its gross NPA in home loans stood at 0.72%, one of the lowest in the banking sector.

Chairman Setty had earlier expressed optimism that the momentum in the Retail, Agriculture and MSME (RAM) segment will drive 14% overall credit growth during the current fiscal year, the PTI report said.

The RAM segment, which makes up for 67% of RBI’s total loan portfolio, also crossed the ₹25 lakh crore milestone in September.

Further, SBI upped its credit growth target from earlier 12% to 14% for the ongoing financial year, with the improvement in economic growth.

"We increased guidance on credit growth. We have revised it from 12% to 14%. We see robust credit growth, particularly from the RAM segment, MSME is growing at almost 17-18%, and agriculture and retail are around 14%," Setty said, as per the PTI report.

Besides, he said, the bank is witnessing good growth in gold loans while express credit, which is an unsecured personal loan, will have double-digit growth, the report added.