SBI chairman Dinesh Khara recently said the lender has about ₹3.4 trillion of corporate loans in pipeline and the segment would grow"at least" in the lower doubledigit going ahead. SBI's total corporate loans accounted for 34% of its overall advances and stood at ₹9.77 trillion as of September-end, up 7% year-on-year (YoY).
"In the term loans segment, we have seen the utilisation has improved by almost about 100 basis points (bps) in this quarter (Q2) as compared to the previous quarter. The utilisation of working capital has also improved in this quarter," Khara said, adding that things will improve further.
Bank of India MD and CEO Rajneesh Karnatak said the lender expects over ₹50,000 crore of corporate loan disbursals in the second half of the year. These include sanctioned loans where disbursement is pending and corporate loans where in-principle approval has already been given by the bank.
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