Corporate sentiment improving in early sign of economic recovery: SBI MD

The bank's PMI has crossed 50 points for the first time this month indicating that sentiment is positive

Despite the fact that the Reserve Bank of India has slashed the country’s GDP forecast for the current fiscal year to five per cent from the earlier projection of 6.1 per cent, the largest lender in the country, State Bank of India (SBI) is of the view that sentiments in the corporate sector are improving and may signal early signs of recovery.

Although the bank has not witnessed any significant change in corporate borrowing, which remains tepid, its internal analysis of the sector has indicated that preliminary signals of an uptick in loan disbursements may be forthcoming.

“We have not been able