SBI is likely to continue with the scheme, where rates are fixed during the initial few years before turning flexible. “Every quarter we look at the data. It is data-based. If it’s good, then I would extend it,” said State Bank of India chairman Om Prakash Bhatt, the longest serving chairman in recent years. “The NPAs on my loans are the lowest and I also have the collateral of the customer’s house.” “About 2.92 lakh people have got loans. Where is the tease in the product? There is no risk and there is no opacity. There is no dilution of loan appraisal norms or documentation. Every Indian is eligible,”.
