SBI targets growth above 12%

Specifically, according to experts, the recent tariffs proposed by US President Donald Trump have caused shockwaves throughout the financial market, shaking investor confidence and complicating future financial planning.

Accordingly, the State Bank of India has announced a credit growth target of 12-13% in 2025-2026, which is almost unchanged from the previous year in the context of the impact of tariffs from the US affecting the global economy.

State Bank of India targets growth of over 12% — Mr. CS Setty - Chairman State Bank of India

According to Mr. CS Setty - Chairman of State Bank of India, the uncertainty about tariffs will impact the economic outlook and the overall investment outlook. Mr. Setty said that the credit growth of State Bank of India has reached about 12.03% in the period 2024-2025 and deposits increased by 9.48%.

Meanwhile, as of the end of March 2025, State Bank of India's total corporate lending outstanding was 3.4 trillion rupees (about 40.24 billion USD) and is expected to grow deposits by 9-10% this year.

Earlier in 2024, State Bank of India’s net profit fell nearly 10% in the first quarter through the third quarter, pressured by tighter net profit margins. Net profit in the fourth quarter was 186.43 billion rupees. SBI’s net interest income (the difference between the interest it earns on loans and the interest it pays on deposits) rose 2.7% to 427.75 billion rupees. But its domestic interest margin (the difference between the interest earned and the interest paid) narrowed to 3.15%.

When interest rates fall, lenders typically cut lending rates faster than deposit rates, which could squeeze margins until deposit rates adjust. Mr. Setty said the pressure on net interest margins would continue if the Reserve Bank of India cuts rates by another 50 basis points this year. The bank’s board has approved raising Rs 250 billion through equity this year, largely to boost SBI’s capital ratio. However, the timing of the raising will be determined by the market./.

Source: https://baodaknong.vn/sbi-dat-muc-tieu-tang-truong-tren-12-251697.html