From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)50 bps repo hike may moderate consumption credit: CS Setty
What's behind this
SBI's chairman CS Setty said the bank is targeting 14‑15% credit growth and remains confident about sustaining it despite concerns over rising borrowing costs and competition for deposits. He made the comments after the bank's Q2 FY27 results presentation, which showed net profit and interest income posting double‑digit growth. Setty also noted that the government may revisit long‑term capital gains tax amid foreign portfolio investor outflows, and that the bank is focusing on cyber preparedness.
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center · 1 outlet
State Bank of India (SBI) Chairman CS Setty said the country's largest lender is targeting credit growth of 14–15 per cent and deposit growth of 10–11 per cent, supported by surplus liquidity of Rs 3.5–4 lakh crore.
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right · 2 outlets
Speaking exclusively to following the bank's Q2 FY27 financial results presentation, Setty expressed confidence in sustaining credit growth despite concerns over rising borrowing costs and competition for deposits.
RSS excerpt
SBI maintains 14-15% credit and 10-11% deposit growth guidance amid data breach probes
