SBI cuts loan processing fee to cash in on festival season
By Ira Dugal | Published On: October 18, 2012 13:30 (IST) | Duration: 7 min, 37 sec
State Bank of India has decided to cut processing charges on home loans and auto loans as the festive season loan demand picks up. Krishna Kumar, managing director, State Bank of India, explains that this will help SBI to capture greater market share during the season. He expects 18-20 per cent growth in retail loans even though corporate loan offtake remains sluggish.