Wherever we've seen unlocking, we've seen a revival in demand: SBI Chairman

Inflation rate in excess of 7% is essentially attributed to supply-side constraints, says chairman

State Bank of India (SBI) Chairman DINESH KHARA doesn’t hesitate to say that banks are probably done with rate cuts. In conversation with Abhijit Lele and Anup Roy, Khara says there has been a turnaround in the economy, and demand for loans is coming back. But the bank is cautious about loan demand from vaccine manufacturers, given the huge investments which may turn sour if central approvals are not forthcoming. Khara is in no hurry to list YONO - SBI’s digital banking app - but will chart its future course soon. Edited excerpts:

Given that combating Covid requires huge capital,