Safest Way Is to Not Allow Corporates to Float Banks, but India Is Credit-Starved: SBI Ex-Chairman

The Wire reports:
New Delhi: In a candid and wide-ranging conversation with Mitali Mukherjee, former State Bank of India (SBI) chairman Rajnish Kumar said he was confident that the public sector lender had put its bad loan devils behind it, despite the impending stress that COVID-19 would likely bring the financial system. Kumar said he was also certain that SBI would meet its target of credit growth at 8%. Refuting concerns voiced by Moody's around restructuring of loans, he said the restructuring pipeline for SBI was not too large.
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