Tuesday, July 29, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Enough cash for industry to take advantage, says SBI Chairman

Fiinews by Fiinews
December 23, 2019
in Banking & Finance, Economy, Industry Sectors, Investment
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

But banks are more cautious on loans

 

SBI logo

 

There is enough cash available in the banking system and its now for the industry to take advantage of this, said SBI Chairman Rajnish Kumar.

Speaking at FICCI’s 92nd Annual Convention on 21 Dec 2019, Kumar said “Today, there is no problem of liquidity or availability of the funds with the banking system. Currently three sectors, solar, city gas projects and roads, are seeing demand for credit.”

He also added that banking system today is more cautious than what it used to be.

On the issue of loan monitoring, Kumar said “The method of lending itself would need to undergo a change. Asset based lending will continue to work for term loans but for working capital, we will have to move to cash flow-based lending.”

Commenting on the issue of interest rates, Kumar said that in banking system dependence for borrowing in India is largely depositors. “We can’t lower the interest rates without lowering the interest rate for depositors and there is a threshold below which we cannot reduce the interest rate for deposits?”

“To boost consumption, support has been given to NBFCs and HFCs to improve retail credit, payments that have been held up in the government system are being expedited,” observed FICCI President Sandip Somany.

“The banking system itself is changing at an unprecedented pace given the advent of technology. Digitisation is the new mantra and data is the new source of revenue.

“Digital financial inclusion is now in vogue and the partnerships being worked out between banks and fintechs are yielding some very good results.

“The underbanked and the unbanked are now being served through this collaborative approach and it will be interesting to see how this digital banking trend moves in the times ahead,” Somany said.

Expressing confidence, FICCI President-elect Dr Sangita Reddy hoped that a stronger banking system will emerge from a stronger industry and they both share a symbiotic relationship. fiinews.com

Tags: FICCIThe State Bank of India
ShareTweetShare

Related Posts

Sidbi
Investment

Invest: 3 flagship funding schemes launched

by Fiinews
July 27, 2025
0
14

Minister updates Rajya Sabha on FFS, SISFS and CGSS The Government is implementing three flagship Schemes, namely, Fund of Funds...

Netrasemi
Investment

Netrasemi gets VC investments of ₹107 cr

by Fiinews
July 25, 2025
0
14

Invest: Netrasemi raised Rs.107cr from making chips Netrasemi, a startup supported under the government’s chip design scheme, has received Venture...

Adia

Invest: ADIA takes stake in expansion-mode Meril

July 22, 2025
19
SRM University-AP, Amaravati.

Invest: CM highlights green hydrogen prospects

July 22, 2025
22
QpiAI

Invest: NQM backs QpiAI in $32m Series A

July 18, 2025
15
Jupiter Wagons

Invest: Jupiter commits Rs.3,000cr to rail projects

July 15, 2025
17
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: Nedia-Birla to work across Americas
  • Project: LTTS wins $60m telecom contract
  • Export: FIEO sees bilateral doubles to $120bn
  • Export: FTA aligns with deeper global vision
  • Export: India-UK FTA to boost bilateral trade

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.