Setty remains confident that SBI can mobilise $10 billion through Foreign Currency Non-Resident (Bank), or FCNR(B), deposits despite the RBI shifting its special forex swap facility deadline to August 31. These deposits, largely sourced from Asian markets, are expected to bring almost ₹95,000 crore of long-term liquidity.

The lender’s growth plans rest on a CET1 capital ratio of 12% and an overall capital adequacy ratio, or CRAR, of 15%. A capital raise worth ₹25,000 crore and the stock-market listing of SBI’s asset management company helped strengthen that position.

Technology is another priority. SBI rebuilt YONO 2.0 to make banking easier for customers, and the platform has reached 5.5 crore registrations. Setty highlighted the bank’s emphasis on digital channels, alongside its role in handling close to a quarter of the country’s savings.

MSME lending is expanding at 19–20%, while retail and agriculture are also expected to support future business. Corporate loans account for 33% of the loan book. SBI is exploring opportunities in data centres and semiconductor manufacturing, while placing greater emphasis on fees and digital services rather than treasury profits.

Setty described asset quality as the strongest in 20 years, with credit costs under 0.30%. He linked this to stronger borrower assessment and digital risk checks, while pointing to improved financial discipline among Indian companies.