SBI to boost retail loan book, sees earnings improving

State Bank of India will accelerate retail loans and expects most lenders to post stronger-than-anticipated earnings as the economy revives faster than expected, according to Chairman Dinesh Khara.
 

“The banks were expecting worse, so they strengthened risk management significantly,” Khara, who took charge as head of the country’s largest lender in October, said in an interview with Bloomberg Television on Monday. “That’s why we are expected to see much better results than at the beginning of the pandemic.”

SBI’s bad loan ratio fell to 5.28 per cent at the end of September from 5.44 per cent three months earlier,