Operating environment for banks has become more challenging, Kumar said.
SBI chairman Rajnish Kumar on Thursday flagged the rising protectionist policies of the United States and the sanctions on Iran as key risks to global growth in a speech to the bank's shareholders.
Though the global economy experienced broad based growth in 2017, especially in the US and Europe, a series of trade disputes between the US and major world economies has created financial volatility, Kumar said.
The risks of a full-blown global trade war remain real, he added.
The Big Takeaway: Rising trade disputes between major world economies remains a threat to market stability.
Operating environment of banks has become more challenging
Speeding up of resolution under IBC should improve confidence in the economy
After RBI's rate hike, hardening of bond yields is a possibility
Financial sector volatility may increase challenges in terms of higher crude prices and trade wars
On the bank's targets:
Bank aims to achieve credit growth of 10-12% by 2020
Bank will reorder portfolio to reduce CRWA to total advances ratio
Bank will internally reorganise corporate banking sector
CAG will focus on high priority and quality individual and Group Relationship Coordinators will be introduced
Investments in digital banking will pay rich dividends as issues of asset quality are sorted out
On the bank's financial health:
Retail segment constitutes 57.5% of domestic loan book
Home loans grew by 13.26% to Rs 3,13,000 crore in FY18
Bank raised Rs 15,000 crore through QIP in FY18 and received Rs 8,800 crore through govt infusion
Rs 5,436 crore was raised through disinvestment of 8% stake in SBI Life
Gross NPAs increased to Rs 2,23,437 crore and net NPA to Rs 1,10,000 crore
Material changes in recognition of stressed assets occured after RBI's February circular
Gross NPA ratio was at 10.91% and Net NPA at 5.73% at end of FY18
Bank has Rs 77,626 cr of funds tied in accounts before NCLT under resolution
Expect bulk of resolutions in NCLT's first list in H1FY19
Corpus under treasury department grew by 13.6% in FY18
G-sec portfolio increased 22% mainly due to merger of associate banks
Bank has increased commercial paper and corporate bond portfolio by 9% in FY18