#PawriHoRiHai: SBI joins the PAWWRTY by tweeting this! Check it out

#PawriHoRiHai has been trending worldwide after many celebs and tweeple joined the hashtag by tweeting on the trend. Now, State Bank of India (SBI) too has joined the PAWWRTY by tweeting on #PawriHoRiHai. Taking to Twitter, SBI wrote, "Aise offers ho toh pawwrty toh banti hai. #YONOSBI #PawriHoRiHai."

SBI in its tweet sharing a pic said - "Yeh humara app hai! Yeh offers aur Aur yeh hamari pawwrty ho rahi hai."

Aise offers ho toh pawwrty toh banti hai. #YONOSBI #PawriHoRiHai pic.twitter.com/QJRmCtZ6jr

— State Bank of India (@TheOfficialSBI) February 14, 2021

Meanwhile, SBI has said that it is looking to double home loan portfolio to Rs 10 lakh cr in next five years: Chairman. The country's largest lender State Bank of India said it has crossed the Rs 5 lakh crore mark in its home loan business and expects to double the portfolio in the next five years.

Among all scheduled commercial banks, SBI share in the home loan segment is around 34 per cent. It is offering an interest rate on home loans starting from 6.80 per cent.

"We have crossed the Rs 5 lakh crore mark. This is a journey which we have covered in almost from 2011 to 2021. So in about 10 years' time, we have built this book from about Rs 89,000 crore to Rs 5 lakh crore," the bank's chairman Dinesh Khara said. Around 51 per cent of the lender's home loan customers belong to urban, semi-urban and rural areas, and the balance 49 per cent are from metros, he said.

When asked how soon the bank will achieve the next Rs 5 lakh crore target in home loans, Khara said the time taken would be much lesser. "When it comes to our next target, we are aiming for a target of about Rs 7 lakh crore in around three years' time and maybe Rs 10 lakh crore by another five years' time," he said.

Home loan demand is a function of the economy and the demographics, and there is definitely a change in that, with the younger generation wanting to buy a home at a much younger age as compared to 10 years earlier, he added.