SBI Posted a Net Profit of ₹16,891 Crore in the Dec Quarter, Up 84.3% From a Year Earlier

SBI Posted a Net Profit of ₹16,891 Crore in the Dec Quarter, Up 84.3% From a Year Earlier

- Anshika Kayastha

MUMBAI: Private sector capital expenditure has begun to pick up, though not so much in core sectors such as steel, State Bank of India chairman C.S. Setty said. However, SBI's corporate credit pipeline remains strong, and the Union budget's effort to raise consumption should prompt industries with capacity utilisation close to 75% to expand, he said.

"Private capex is definitely happening. But I think private capital expenditure in the core sector, particularly steel, is yet to pick up," Setty said at a press conference after the bank's December quarter earnings release.