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Source: Economic Times
SBI eyes ₹5 lakh crore corporate loan pipeline
SBI expects its corporate loan pipeline to reach ₹5 lakh crore as companies pursue renewable energy and battery storage investments. The bank also remains committed to raising $10 billion through FCNR(B) deposits.
State Bank of India chairman CS Setty outlined the lender’s expectations for corporate borrowing, with renewable energy and battery storage emerging as areas of investment. The ₹5 lakh crore figure refers to prospective corporate lending, rather than an amount the report identifies as already disbursed.
The outlook links companies’ investment plans in these two areas with opportunities for SBI to lend. However, the supplied report does not break down the expected pipeline by sector or state how much would come from renewable energy and how much from battery storage. It also does not name individual borrowers or projects.
Alongside the corporate lending outlook, SBI is maintaining its $10 billion fundraising goal through FCNR(B) deposits. This is a separate deposit mobilisation target, not another corporate loan figure. The report does not say how much the bank has already raised towards that goal or give a completion date.
The available details therefore set out SBI’s ambitions on both lending and deposits, but leave the timing of execution unspecified. No schedule has been stated for when the prospective corporate loans could turn into actual borrowing.
