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Indian corporate sector is investing by getting loans from SBI, statement by SBI chairman

Sagar Patel

By Sagar Patel

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state bank of india

There is adequate demand currently seen in the Indian market, but this demand is generated on the basis of debt. State Bank of India (SBI) Chairman Dinesh Kumar Khara has said that loan demand from the corporate sector is increasing and loans worth Rs 5 lakh crore are currently being transacted. Khara said in a media interaction that while there was enough cash available on the books of companies for the last few years, now they also need loans for working capital.

The president said this

He said we have now reached a stage where companies have started approaching banks with an aim to increase their capacity or meet working capital requirements. Of course, I can say this with confidence. When we look at the percentage of term loans not taken, it has come down from 25 per cent to 18 per cent. He said that therefore all these things confirm that there will be opportunities in the private sector and SBI will be in a position to create value for this sector.

progress will be rapid

The SBI president said that, at the same time, when we look at the pipeline of new proposals, it is quite good. This is approximately Rs 5 lakh crore or more. Regarding retail agriculture and MSME loans (RAM), Khara said that despite the high interest rate, the SBI may increase it to a rate of 16 per cent this year as well. In the last financial year, SBI’s RAM stood at Rs 21 lakh crore with an increase of 16 per cent.

Let us tell you that earlier, State Bank of India Chairman Dinesh Kumar Khara had made a statement on interest on deposited money, in which he had said that interest rates on deposits are at their peak and it is expected that go down in the medium term. term. He also said that the Reserve Bank of India could start easing the interest rate cycle from the third quarter of the current financial year. Last week, the Reserve Bank of India had kept its main interest rate, the repo rate, unchanged for the eighth consecutive time, focusing on inflation amid strong economic growth. That means no changes were made.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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