Banks, cos better placed for next downturn: SBI
State Bank of India (SBI) Chairman CS Setty shares insights on the economic pulse, growth prospects, and SBI's growth strategy. The chairman highlights SBI's resilience in handling multiple global disruptions since 2020, despite unprecedented challenges. He expects growth to remain at least 7.5% in the first quarter, with inflation aligned with the Reserve Bank of India's projections.
SBI's credit growth guidance of 14-15% is driven by retail, agriculture, and SME segments, along with substantial corporate loan pipeline of ₹4-5 trillion. The chairman emphasizes SBI's readiness to tackle future economic cycles and the importance of a diversified risk profile. SBI aims to improve its credit card and auto loan markets while maintaining low non-interest income margins, focusing on building a robust loan book with a strong asset quality environment.
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- Banks, companies better positioned to weather next downturn: CS Setty, SBI, Chairman economictimes.indiatimes.com
