On revival of credit growth, Kumar said that retail loans, including those for small and medium enterprise, agriculture, will be the key drivers for growth, because demand for corporate loans remains muted. At the end of June, its credit growth was 1.46%. Currently, non-food bank credit growth for the banking industry is around 6%. According to Karthik Srinivasan, group head of financial sector ratings at Icra Ltd, SBI is not pressed on capital and hence they can look at reviving credit growth. Additionally, the bank will also continue its focus on digitisation as well as on various initiatives on human resources (HR).

Source: Mint October 05, 2017 21:22 UTC