SBI Chief Calls for Focus on Private Capex Amid Seasonal Economic Slowdown - PRESS AI WORLD
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SBI Chief Calls for Focus on Private Capex Amid Seasonal Economic Slowdown

share-iconThursday, January 02 comment-icon2 weeks ago 9 views
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indiatimesINDIATIMES
SBI Chief Calls for Focus on Private Capex Amid Seasonal Economic Slowdown

Credited from: INDIATIMES

  • C.S. Setty, the chairman of SBI, highlights a need for increased private capital expenditure in the upcoming Budget to boost economic activity.
  • Setty describes the recent economic slowdown as seasonal rather than structural, projecting a growth of approximately 6.5%.
  • SBI has adapted to market changes by embracing digital technology, positioning itself as the largest digital bank in India.
  • The bank is actively recruiting staff, planning to add 13,000 clerical positions to enhance its service capabilities.
  • Setty reassures that the home loan market remains robust, with most borrowers being first-time buyers, reflecting strong asset quality.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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