India’s SBI targets 12–13% loan growth in FY26

State Bank of India (SBI), India’s largest lender, aims for 12 -13 per cent loan growth in 2025-26, similar to the previous year, considering the global tariffs’ impact, according to its Chairman.

“The uncertainty on tariffs is going to impact the overall economic scenario and investment scenario,” C.S. Setty said at a conference in Mumbai.

SBI’s loan growth was approximately 12.03 per cent in 2024-25, while deposits increased by 9.48 per cent.

As of the end of March, SBI’s corporate loan book pipeline stood at 3.4 trillion rupees ($40.24 billion), according to Setty. He also mentioned that deposit growth of 9-10 per cent was anticipated for the current year.

Attribution: Reuters

Subediting: M. S. Salama