The country’s biggest lender by assets is retaining its target of raising $10 billion through FCNR(B) deposits, and its haul stands at $9 billion four days before the concessional window shuts.
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During Setty’s tenure, SBI raised ₹25,000 crore in equity from the market, its first such fundraising in eight years, while consolidated net profit rose to ₹85,168 crore in FY26.
Setty is confident of meeting its 14-15% credit growth target, supported by visibility of about $4 billion in external commercial borrowing (ECB) demand from companies.
The robustness of the banking system will ensure that the next adverse cycle could be better handled than in the past, he said. “But if an economic cycle arrives four or five years from now, banks and financial institutions are much better positioned to handle it because of their capital buffers and the robust risk profile of their books,” Setty said.
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