Business · Companies · 2 hrs ago

Indian public sector banks report ₹7.8 lakh crore corporate loan pipeline

Indian public sector banks report ₹7.8 lakh crore corporate loan pipeline

Public sector banks in India report a corporate loan pipeline of about ₹7.8 lakh crore.

A pipeline is a measure of potential lending, not money that has already been disbursed.

State Bank of India has the largest opportunity among the lenders cited, with prospects of up to ₹5 lakh crore.

Banks also report rising corporate credit, though growth rates vary widely across lenders.

Companies are investing in areas including steel, cement, renewable energy and semiconductor manufacturing, with mid-sized and large businesses leading much of the activity.

More investment could mean greater demand for bank loans, while banks say they have capital available to fund viable projects.

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What people are saying

Kalyan KumarCentral Bank of India managing director and chief executive
We have ₹7,000 crore sanctioned loans, which are to be disbursed, and another ₹5,000 crore is still under process.
via Economic Times
Anu AgarwalKotak Mahindra Bank head of corporate banking
Corporate capital expenditure is beginning to pick up across several sectors, including steel and cement.
via Economic Times
R SubramaniakumarRBL Bank managing director and chief executive
Quite a substantial number of corporates are creating a capex and there is a huge opportunity building up.
via Economic Times