The expected milestone follows SBI’s home loan portfolio moving past ₹9 lakh crore during the last financial year. With a 28% share of India’s home loan market, the bank remains the segment’s largest lender.

SBI handles housing loan applications through more than 460 specialised processing centres nationwide. Setty linked customer confidence to transparent practices, checks on builders and careful paperwork. These legal and financial checks are intended to give borrowers greater confidence in their property purchases.

Setty also highlighted housing finance’s wider economic role. It generates demand across more than 200 related industries, with cement, steel and paint among the examples. Growth in mortgage lending therefore has implications beyond the bank’s own loan portfolio.

Funding remains an important part of that expansion. Setty said India’s mortgage assets exceed ₹30 lakh crore but are largely difficult to turn into cash quickly. SBI is developing securitisation structures this year, which would involve selling loan pools to investors and releasing capital for fresh lending.

Separately, the RBI has brought forward the closing date for the FCNR-B deposit swap facility to August 31. SBI still expects to mobilise about $10 billion from non-resident Indians and overseas investors. It is also considering external commercial borrowings as another funding source.