Gross non-performing assets in the home loan division are 0.67% of the total loan book. With greater focus on home loans, the bank is looking to increase its share of retail in the overall loan book to 45% in one year, from 39% currently., , india, non-performing assets, home loan, state bank of india
"We have crossed the Rs 5 lakh crore mark. This is a journey which we have covered in almost from 2011 to 2021. So in about 10 years time, we have built this book from about Rs 89,000 crore to Rs 5 lakh crore," the State Bank of India chairman Dinesh Khara said.
Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks?
RBI s database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy
Prasanna Mohanty | February 10, 2021 | Updated 18:39 IST
What compromises the Indian economy further is India s repeated failure to resolve stressed assets over the past few decades
In November 2020, an internal working group (IWG) of the Reserve Bank of India (RBI) recommended that India s large industrial houses be allowed to run banks to increase credit-to-GDP ratio from the current level of 50% to more than 150%, in line with many developed economies, for higher growth. Now Prof. Arvind Panagariya, former Niti Aayog vice-chairman, is claiming that India faces acute problem of credit deprivation to support the same cause.