Saturday 24th June 2017

    SBI cautious in India but looking to increase corporate lending in Europe
    SBI cautious in India but looking to increase corporate lending in Europe - Business Standard
    SBI Frankfurt is looking at around 20-25 per cent growth in business over the next years

    Local by SBI’s international offices grew by 17 per cent to $14.94 billion in 2016-17 while India-linked declined 5 per cent to $12.30 billion.Local accounted for 34 per cent of the international portfolio of SBI, which was second to trade finance’s 38 per cent.Also, the share of local increased from 32 per cent to 34 per cent in 2016-17, while the share of India-linked dropped from 32 per cent to 28 per cent.SBI’s overall gross NPA to gross was 6.90 per cent in March and net NPA to net was 3.71 per cent.

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