SBI to focus on mid-corporates

Growth Chemistry In Loans

- Christina Titus

Amid tepid demand from large companies, the State Bank of India is targeting mid-sized businesses to boost its corporate loan book. "Last year, our mid-corporate loan portfolio grew by 18% to Rs 1 lakh crore. The potential has encouraged us to further grow loans to this segment," a senior official of the bank told FE. The segment has been doing well, with the asset quality not deteriorating significantly. "Moreover, borrowers are not very price-sensitive," the official added.