No govt pressure; compulsions are different: Rajnish Kumar on SBI's lending

At Business Standard Banking Forum 2019, India's top bankers discuss the difficulties facing the country's financial services sector and what could be the way forward

Though there is no interference from the government in public-sector banks' lending decisions, there are other compulsions that we face being the biggest lender in the country, SBI Chairman Rajnish Kumar said at the Business Standard Banking Forum 2019 in Mumbai on Friday.

"There are certain areas where the private sector has the freedom to choose where they want to do business. We don't have that freedom. It's not about any pressure being exerted; it's a different kind of obligation," the SBI chief commented while participating in a panel discussion with HDFC MD Aditya Puri.

At the special session 'The