The earnings of State Bank of India (SBI), the country’s largest lender, are a good reflection of how the Indian economy fared and what the outlook is for the coming year. This is the second-largest quarterly loss by a bank historically, the highest being by Punjab National Bank. This simply states that lenders are recognizing the fault lines on private corporate balance sheets. Fund strong balance sheets through a strong balance sheetSBI has chosen to cater to only strong corporate balance sheets, explained chairman Rajnish Kumar. It is clear that as various sectors consolidate, SBI will refinance strong balance sheets to fire up an investment climate.

Source: Mint May 23, 2018 03:11 UTC