OPINION PIECE

Banks seeing credit demand from solar, oil & gas and road: SBI Chairman

Banks are seeing demand from credit project pipeline from three sectors – oil and gas, solar and road but there is no large ticket demand for credit of the kind that was seen last year, State Bank of India Chairman Rajnish Kumar has said.

The banking sector is going to see good recoveries from non-performing assets in the third and fourth quarters of the current fiscal, helped by resolution of some large stressed accounts, he said, adding the time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism.

“These two quarters (Q3 and Q4) will be very good quarters. The recoveries will be at peak because large assets would have been resolved by March or latest by June,” Kumar said at a credit conclave organised by Edelweiss.

Source
ET Energy World
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