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Bank expects Global NIM to reach 2.75% (currently 2.65%) going forward & aims at improving the bottom-line further with balanced thrust on both retail and corporate advances coupled with increased adoption of digitalization for efficiency improvement. Bank intends to continue with the growth in the retail advances while simultaneously focusing on improvement in corporate book with high rated corporate advances. Moreover, management is highly confident...
Loan growth in FY19 for SBI is guided to be 14%, in line with industry slated growth at 15%. As bank is still short of priority sector lending target & keeping this in line, management expects to bring in loans from NBFC. Portfolio purchases from NBFCs were at ` 13,000 cr at the end of Dec 2018; and ` 7,000 cr is in pipeline. SBI has strong presence in Govt. and PSU backed NBFCs; and exposure to large reputed private sector institutions. Though, bank is looking for buying...
