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SBI eyes over Rs 10K-crore credit pipeline for health infrastructure

Ashwani Bhatia, managing director, SBI, said the bank had held discussions with firms that needed funds for building hospital infrastructure

State bank of india, SBI
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The Reserve Bank of India (RBI) will provide on-tap liquidity of Rs 50,000 crore with tenors of up to three years at the repo rate till March 31, 2022

Abhijit Lele Mumbai
State Bank of India (SBI), the country’s largest lender, expects over a Rs 10,000-crore credit pipeline for large and medium health care firms for augmenting infrastructure and capacities.

Ashwani Bhatia, managing director, SBI, said the bank had held discussions with firms that needed funds for building hospital infrastructure. On a conservative basis, the bank can lend Rs 10,000-15,000 crore.

The loans will fructify only in the medium to long term as players would look to assess demand over a period beyond immediate requirements emerging from the pandemic.

The Reserve Bank of India (RBI) will provide on-tap liquidity of Rs 50,000 crore with tenors