The largest lender of the country, State Bank of India has indicated that it has no intention of setting foot again into the segment of teaser loans. Following introduction of the loan kind by leading peers like HDFC and ICICI Bank, SBI's stand on the case was a much sought out question.

"We have no plans as of now to launch any special home loans," State Bank of India (SBI) Chairman Pratip Chaudhuri confirmed.

The bank had earlier faced a difference of opinion with regulator Reserve Bank of India on the very same ground.

Speaking on this regard, he said, "We had tried to argue (with the RBI), to reason, but the regulator has a position and already we have provided 2 per cent on our teaser loan portfolio that is Rs 500 crore. I think it was a stiff enough penalty and we would not like to live through it again."

Mr Chaudhuri thus said, "We have been through the teaser loan definition. We respect the regulator's stance."