industry

Credit demand subdued, economy needs stimulus: SBI Chairman Rajnish Kumar


State Bank of India (SBI)
Chairman Rajnish Kumar on Sunday said
credit
demand remains
subdued and there is a need for stimulus in the
economy.

Though lack of
credit
demand exists in the
economy, there is no supply-side constraint as the public sector banks are more or less well-capitalised, he said.


Demand for
credit in the
economy is
subdued. There is a need for stimulus in the
economy“, Kumar told reporters here.

He was in the city to attend the multi-level consultation programme with the branch managers of SBI in the region.

“There is no supply-side constraint. More or less, the public sector banks are well capitalised and bank rates also moderated,” he said.

Kumar hoped that monsoon will have a positive impact.

Increased spending by the government and the upcoming festival season would boost
demand, Kumar added.





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