In 2014-15, home loan processing time had been reduced to 17 days from 31 days in the previous year, he added.
Country's largest lender State Bank of India (SBI) on Friday said the home loan disbursement in the Bengal circle has surged by 50 percent to Rs 2,100 crore in the 2014-15 fiscal.
"We have registered a growth of 50 percent in disbursal of home loan in 2014-15 at Rs 2,100 crore," SBI Chief General Manager (Bengal) Prashant Kumar said on the sidelines of an event there. SBI is targeting a similar growth in the current fiscal.
"We are aiming to take the (home loan disbursement) figure to Rs 3,000 crore in the current fiscal," he said. On home loan processing time, Kumar said said that the bank is making efforts to bring down the processing time to 10 days in the next six months.
In 2014-15, home loan processing time had been reduced to 17 days from 31 days in the previous year, he added.
Meanwhile, realtors' apex body CREDAI (Bengal) President Sushil Mohta said that the housing sector is likely to see a price increase of 10-12 percent due to rise in input cost.
Credai said the sector in Bengal was growing by 20-25 percent as actual demand is mostly from users in about 15,000 units per annum market.
SBI stock price
On April 01, 2015, State Bank of India closed at Rs 273.45, up Rs 6.45, or 2.42 percent. The 52-week high of the share was Rs 335.90 and the 52-week low was Rs 186.74.
The company's trailing 12-month (TTM) EPS was at Rs 16.61 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 16.46. The latest book value of the company is Rs 158.43 per share. At current value, the price-to-book value of the company is 1.73.
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