State Bank of India bets on private capex to grow corporate credit, says Chairman
State Bank of India (SBI) expects to provide 3.5 trillion rupees ($42.30 billion) in corporate loans for private investments in key sectors. SBI Chairman, Dinesh Kumar Khara, says that nearly 80% of the incremental loan demand is coming from the private sector. The bank expects about 70% of the credit to be in term loans.
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