Step up infra investment to spur demand, revive economy: SBI chief

Says banks not risk averse, they are being prudent

The investment in infrastructure needs to be stepped up to spur demand and revive the economy, said State Bank of India (SBI) Chairman Rajnish Kumar at a webinar organised by the All India Management Association on Monday.

The data clearly shows that investment in the economy has come down, said the head of the country’s biggest lender.

“If the capital expenditure is not happening and investment in the economy is not happening at the same pace, then obviously this is a demand issue,” he said.

In such circumstances, there is a need to create more businesses and entrepreneurs who have