India's Largest Bank Sees Opportunities in a Shadow Loan Crisis
- SBI to boost lending where private banks, NBFCs grow cautious
- Chairman calls for government help for weak shadow banks
This article is for subscribers only.
India’s largest lender is hoping to capitalize on the country’s shadow banking crisis by building its mortgage and small business loan book as the non-banks are forced to pull back.
State Bank of India, which is slowly emerging from a period of massive provisioning on loans to large corporates like Essar Steel India Ltd., sees opportunities in taking business from the shadow banks without creating new asset quality problems, according to Chairman Rajnish Kumar.