SBI projects 14-15% loan growth, Read what SBI Chairman Dinesh Khara said

- Advertisement -

Dinesh Khara, Chairman of State Bank of India (SBI), projects a 14–15% loan growth in the upcoming fiscal year, surpassing India’s GDP growth. Khara links the bank’s growth to India’s GDP, stating that with a projected nominal GDP growth of 7.5% and 5.5% inflation, achieving 14–15% growth is feasible.

Emphasis on Quality:

Khara underscores the importance of maintaining the quality of growth, highlighting the need for competitive pricing and raising deposits at a reasonable cost. Khara expresses confidence in India’s growth prospects, citing the country’s efforts to address supply-side issues, favorable inflation trajectory, and initiatives in infrastructure development. Khara praises India’s management of the COVID-19 pandemic, noting the moderation in liquidity compared to global counterparts.

New Growth Avenues:

Khara identifies renewable energy, EV batteries, and solar energy as emerging growth areas alongside traditional segments, contributing to a positive macro environment. Khara observes a reduction in unutilized loans and an increase in loan drawn down by Indian companies, indicating a shift from commitment to utilization. However, he notes a decreased reliance on bank borrowings among the private sector.

- Advertisement -

Response to Contradictory Reports:

Khara responds to conflicting reports on growth, suggesting that closer observation yields a more positive outlook compared to distant assessments, emphasizing the favorable conditions perceived within SBI.

- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Rs.7000 crore Bitcoin Ponzi Scam, ED seizes property of Raj Kundra

Rs.7000 crore Bitcoin Ponzi Scam, ED seizes property of Raj Kundra

Rs.26 lakh Bank Fraud in Mumbai

Rs.26 lakh Bank Fraud in Mumbai

Woman arrested in Brazil for using dead man to sign loan in Bank

Woman arrested in Brazil for using dead man to sign loan

Election Training Video, Know how to use EVM, VVPAT and conduct Elections

Election Training Video, Know how to use EVM, VVPAT and conduct Elections

17 million dollar Bank Fraud in US

17 million dollar Bank Fraud in US

Royal Bank of Scotland closes 18 Branches as customers are using more Online Banking

Royal Bank of Scotland closes 18 Branches as customers are using more Online Banking

Micro Observer Election Duties and Format PDF

Micro Observer Election Duties and Format PDF

Bank Cashier fight with customer over cash withdrawal in Mirzapur

Bank Cashier fight with customer over cash withdrawal in Mirzapur

12th BPS Update: Bank Unions held Discussions on remaining issues with IBA

12th BPS Update: Bank Unions held Discussions on remaining issues with IBA

Bank Employees beaten by Loan customer in Uttar Pradesh

Bank Employees beaten by Loan customer in Uttar Pradesh

Latest News