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State Bank of India to continue lending to NBFCs

17 Jun 2019 Evaluate

State Bank of India (SBI) will continue to funds to non-banking finance companies (NBFCs) as it feels the problems facing industry are not very grave and system-wide. The bank does not consider the crisis plaguing the shadow banks are grave as only one or two of them are severely impacted.

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 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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