The State Bank of India has said that it does not foresee a rate war on the home loan front as all the lenders are competing with similar rates in similar bands. Speaking to reporters in Mumbai on Wednesday, SBI Managing Director Mr. B Sriram said that the bank is targeting to increase its housing loan growth to 18 per cent in current fiscal against 14.5 per cent in the last fiscal. Aiming to take a lead in this competitive environment, Mr. Sriram said, SBI is focusing on customer service adding that if had compressed the average loan processing time to 22 days as against the 35 days earlier.Among the various pockets in the country, Mr. Sriram said Bengaluru and Pune are the most active on home loan front but added that with expectations of a broad-based economic growth, other areas will also catch up. Meanwhile, talking about policy transmission, Mr. Sriram said that SBI is awaiting further guidelines from the Reserve Bank regarding clarity on fixing lending rates based on the marginal cost of funds.