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SBI Chairman Khara predicts 1415% credit growth for current fiscal
The Business Guardian
|June 18, 2024
State Bank of India (SBI) is Sprojecting a loan growth of 14-15% for the fiscal year 2024-25, driven by the current economic growth rate, according to Chairman Dinesh Kumar Khara.
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He explained that the bank calculates this growth target based on the sum of GDP growth rate, inflation, and an additional 2-3%, leading to an estimated 14% growth. "We anticipate 14-15% credit growth, depending on lending opportunities and our risk appetite, and we are poised to achieve this growth," Khara told PTI.
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