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SBI expects domestic loan growth at 14-15% going forward

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PK Gupta, MD of State Bank of India, spoke to CNBC-TV18 about the lender's provisioning and growth outlook.

PK Gupta, MD of State Bank of India, spoke to CNBC-TV18 about the lender's provisioning and growth outlook.
"The fresh slippages are lower so most of the provisioning that we are seeing right now is on account of ageing provisioning," Gupta said on Friday.
Talking about the business, Gupta said, “Credit growth which was tepid in the last two-three years, somewhere in 5-6 percent range is already in double digit and it is expected to go up even further.”
On the loan growth front, he said, “We see no reason why we cannot operate at a level of 14-15 percent growth going forward.”
 
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