Business Standard

SBI to ramp up small business lending as private banks, NBFCs grow cautious

Chairman Rajnish Kumar calls for government help for weak shadow banks

Rajnish Kumar   MD, National Banking Group, State Bank of India
Premium

Rajnish Kumar, MD, National Banking Group, State Bank of India

Suvashree Dey Choudhury | Bloomberg
India’s largest lender is hoping to capitalise on the country’s shadow banking crisis by building its mortgage and small business loan book as the non-banks are forced to pull back.

State Bank of India, which is slowly emerging from a period of massive provisioning on loans to large corporates like Essar Steel India Ltd., sees opportunities in taking business from the shadow banks without creating new asset quality problems, according to Chairman Rajnish Kumar.

“We are not shying away from any business but that does not in any manner mean that we are going to dilute our underwriting standard,” Kumar

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 30 2019 | 4:12 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com