New Delhi, Aug. 8 -- India's largest lender State Bank of India (SBI) sees limited impact on its books from stiff US tariffs, as it hopes the issue gets resolved soon enough to rekindle capital expenditure plans of corporates.

"Our assessment is that while the direct impact on the sectors and industries may be limited, the sooner this issue gets resolved, the better," chairman C.S. Setty told reporters after declaring the bank's June quarter earnings. SBI's net profit rose 12.5% during the quarter, comfortably beating market estimates.

He said the banking sector in general, and SBI in particular, does not have significant exposure to sectors that rely on US exports. However, one also has to look at the uncertainty around how these tarif...