, India

State Bank of India sees loan growth revival

The State Bank of India is seeing early signs of a revival in loan growth.

India's largest lender, cut its base rate, the minimum interest rate at which it lends, by 25 basis points to 9.75 percent last month, after India's central bank cut the cash reserve ratio by 25 basis points to 4.5 percent.

A Krishna Kumar, Managing Director, national banking group, said that there was limited scope for further reduction in the bank's interest rates.

For more.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

China banking focuses on credit structure optimisation
PwC said the sector needs to continue to implement strategic initiatives.
Markets
Overseas expansion impacts Korean banks’ OE score
Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
Markets
Nium, Thredd expand virtual card partnership
The two fintech companies have issued 86 million virtual cards worldwide.