Nifty99000 100%

Sensex99000 100%

Article rating: 4.2
Article rating: 4.8
Article rating: 4.3
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 4.0
Article rating: No rating
Article rating: 3.0


Banking sector’s credit demand to get boost from government projects: SBI chief

Author: IANS/Monday, September 25, 2017/Categories: Banking & Financial Services

Banking sector’s credit demand to get boost from government projects: SBI chief

Kolkata - The banking industry is poised for a recovery in the credit demand as it stands to gain from the slew of projects like the bullet train announced by the government, State Bank of India chairperson Arundhati Bhattacharya said.

She said the govenrment was playing its role in giving a boost to the credit and investment cycle by announcing the projects.

"The government has to do a little bit of heavylifting and this is already happening.

"We just saw the declaration of bullet trains and various other corridors which were expected to come up, those plans are now getting off the table and detailed out," Bhattacharya told the media after launching the State Bank Institute of Management (SBIM) here.

"There are signs of increase in amount of tenders on roads and railways. Sectors like petroleum, fertiliser and power trainsmission also have new projects," she said.

The chief of the country's largest lender said the banks stood to gain as these projects would need debt for their implementation.

She said procedural issues including preparation of the detailoed project reports take time and so the benfits from the projects would be reflected in the books of the bank in due course.

Bhattacharya said though incidents of fresh credit slippages have marked a downtrend, some areas like telecom were displaying signs of stress.

About the SBIM, she said that with state of the art facilities and research-based learning as foundation, it would focus on providing training, education and mobilise intellectual resource materials to drive result. It will also undertake cutting edge research in the areas of banking and finance.

Print Rate this article:
No rating

Number of views (275)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free