India Inc looking for credit to fund capex, corporate loan worth Rs 5 lakh cr in pipeline: SBI Chief

State Bank of India Chairman Dinesh Kumar Khara highlighted a surge in corporate credit demand, noting a pipeline of loans worth Rs 5 lakh crore. Corporates, previously reliant on cash reserves, now seek bank credit for working capital and expansion, reducing unavailed term loans from 25% to 18%. \r

Khara affirmed SBI's readiness to create value in this growing private sector space. He projected a robust Rs 5 trillion pipeline for new proposals. Regarding Retail Agriculture and MSME (RAM) lending, SBI aims for a 16% growth rate despite high interest rates, citing a strong underwriting process maintaining loan quality. \r

Housing and vehicle loans show no stress, with a mere 0.7% gross NPA reflecting sound underwriting standards and ample business opportunities.