28-November-2022
Corporate News
 
Have Rs 2.5 trillion worth of corporate loans lined up, says SBI chairman
24-Nov-2022

State Bank of India (SBI) has Rs 2.5 trillion worth of corporate loans lined up, Chairman Dinesh Kumar Khara said on Wednesday, adding that the banking system was currently much better placed in terms of risk assessment. “Today, it’s not merely the equity but the colour of the equity which has improved,” Khara said, referring to learnings incorporated by the banking system from the previous cycle of strong loan growth and a subsequent build-up of bad assets for banks. He was speaking at the SBI Banking and Economic Conclave. “I would say that from the infrastructure point of view, the banking system is much better placed. They can assess the risks much better and are better equipped in terms of capital. So, I think all put together gives the impression that today the banking system is much better placed and probably the kind of growth which we are seeing is sustainable,” he said.

News Source:- https://www.business-standard.com/article/companies/have-rs-2-5-trillion-worth-of-corporate-loans-lined-up-says-sbi-chairman-122112301236_1.html