State Bank of India (SBIA.L)

State Bank of India bets on private capex to grow corporate credit -Chairman

State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country's largest lender said. And nearly 80% of this incremental loan demand is coming from the private sector, SBI chairman Dinesh Kumar Khara told Reuters in an interview over the weekend. About 70% of the 3.5 trillion rupees would be in term loans and help boost SBI's corporate loan book by 12%-13% this fiscal, said Khara.