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SBI targets credit growth of grow 10-12% in FY20

06 Jun 2019 Evaluate

State Bank of India (SBI) has targeted a credit growth of 10-12 percent in the current financial year (FY20), on the back of green shoots of revival in credit demand and better recoveries of loans.

In the latter part of 2018-19, the bank witnessed early signs of the turnaround that the bank had diligently and systematically been working for, and multi-pronged strategies yielded the desired results.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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