12% annual credit growth needed to reach $5 trillion mark by 2025: SBI MD

Against bank credit of Rs 98 trn at present, desired level should be Rs 400 trn, says Dinesh Kumar Khara; As per RBI data, Bank credit growth was 10.24% in the fortnight to August 30

In order to attain a $5-trillion economy by 2025, the annual growth in bank credit must be  12 per cent, said Dinesh Kumar Khara, Managing Director, State Bank of India, at the CII Banking Colloquium today in Kolkata.

Against the bank credit of about Rs 98 trillion at present, the desired level should be Rs 400 trillion to achieve the target of $5 trillion economy by 2025, he said.

According to latest data from RBI, Bank credit growth stood at to 10.24 per cent in the fortnight to August 30.

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