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SBI to scale up gold loan business, start premium banking services

Business Standard LogoBusiness Standard1 mo ago

SBI to scale up gold loan business, start premium banking services

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SBI agriculture cold loan portfolio increased to Rs 73,601 crore in FY22 from Rs 66,878 crore in FY2021 and personal segment, the gold loans book expanded by 9.

Khara said retail loans continue to be an "important engine for us"."The way it has grown in the past.

SBI chairman Dinesh Khara said during inflationary conditions, gold is seen as a preferred investment class.


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Article Details

Author / Journalist: Abhijit Lele & Bhaskar Dutta

Category: EconomyFinance

Topics: Loan Agriculture Gold Loans Segment Personal Services Banking Premium Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 18:51:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 3 minutes read

Article Length: 384 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 25187

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About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 261 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #49

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