Dinesh Kumar Khara, Chairman of the State Bank of India (SBI), has recently expressed his concern about the high growth rates in unsecured personal loans within the Non-Banking Financial Companies (NBFC) sector. His views, shared during an interview with BQ Prime, mirrored those of RBI Governor Shaktikanta Das.
The Chairman further elaborated on the Monetary Policy Committee's decision to keep the repo rate steady at 6.50%, a decision driven by considerations of the inflation trajectory. He noted a surge in loan demand from private corporates, especially within infra-related sectors.
In addition to these observations, Khara highlighted retail opportunities as key growth drivers for SBI. The bank's Q2 provisional figures showed strong advances and deposit growth, despite a decrease in the CASA ratio.
Moreover, an exchange filing confirmed that Khara's tenure as SBI Chairman has been extended until he reaches 63 years old. Looking towards the future, Khara aims to leverage analytics for risk management, efficiency improvement, and fostering social awareness within SBI.
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