Economy needs stimulus, credit demand muted: SBI Chairman
Kolkata, Aug. 19 -- Amid the economy roiling through a slowdown in demand and consumption, State Bank of India (SBI) Chairman Rajnish Kumar on Sunday raised the pitch for a stimulus, saying that the credit demand remains subdued.
Though lack of credit demand exists in the economy, there is no supply-side constraint as the public sector banks are well-capitalised, he said.
"Demand for credit in the economy is subdued. There is a need for stimulus in the economy," Rajnish Kumar told media here.
The SBI chief was in the city to attend the multi-level consultation programme with SBI branch managers in the region.
"There is no supply-side constraint. More or less, the public sector banks are well capitalised and bank rates also moderated,"...
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