Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara

The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI

The second Covid-19 wave has hit both individuals and businesses hard. Within three weeks of starting Covid-19 personal loans, State Bank of India (SBI), the country’s largest lender, has disbursed about Rs 400 crore, says its Chairman Dinesh Khara in an interview to Abhijit Lele. While the June quarter was weak, Khara is betting on retail loan growth on the back of the improving economy. However, there is very little traction in corporate loans. He also believes the aberration in inflation will go as supply chains normalise. Edited excerpts:

How was business in Q1 FY22? What was the impact of the