Banking Giant State Bank of India has launched an initiative called Project Tatkal to provide doorstep services and expedite home loans application process. The Project Tatkal will help get the loan within 10 days after receipt of application form and relevant supporting documents. The implementation will be done at large centres with sizable home loan business.
As per the statement, the project will bring down the average time taken for delivery of home loan to within 10 days from the date of receipt of completed home loan application form and relevant supporting documents from the customer.
SBI has recently introduced an online customer acquisition solution (OCAS) for instant e-approval of home loan applications. State Bank has over three million home loan customers with a portfolio of over Rs. 16,60,000 crore.
Random Facts About State Bank of India
- The business of SBI has been doubling in size every five years.
- First bank to introduce mutual fund in India was State Bank of India.
- SBI is the oldest commercial bank in the Indian Subcontinent.
- Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 14.99% shareholding.
- SBI was ranked 73rd largest bank in the world, according to 2014 SNL financial data.
- Arundhati Bhattacharya is the first woman to be the Chairperson of State Bank of India.
GK Question
State Bank of India has celebrated it’s 60th Bank Day recently. What is the exact date? July 1st.
