SBI slows down unsecured retail loans, to focus on healthy growth

Chairman Khara says corporate loan sanction pipeline is at Rs 4.7 trn

State Bank of India, the country’s largest lender, has slowed unsecured retail loans as the lender will focus on ‘healthy’ growth, even if overall loan growth is expected to stay robust at 15 per cent in this financial year amid steady demand from corporates, Chairman Dinesh Khara said.

“Unsecured was growing at a very fast pace, 30-33 per cent for the system. We have purposely slowed it down, which has come down to 18 per cent-odd,” Khara told Business Standard in an interview.

“We expect that we will grow at that pace. Because we don’t want any unhealthy growth in