SBI Chairman to Reassess Housing Finance Policy
SBI Chairman CS Setty announced a reassessment of construction finance policies for residential real estate to ensure transparency and accountability in 2025.
NEW DELHI- State Bank of India Chairman C S Setty announced on Saturday that the lender is revisiting its policy on construction finance for residential projects. Emphasizing accountability, the bank aims to provide more affordable credit to developers who maintain high levels of transparency and efficient project management.
While SBI currently has a limited footprint in residential construction funding, it is strategically expanding its commercial real estate portfolio. Setty warned realtors against overleveraging, stating that robust risk assessment will be the primary factor in determining interest rates for future housing ventures.
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