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Consolidation of PSBs gives a robust base to scale: Bankers at BFSI Summit

About privatisation of state-owned banks, State Bank of India (SBI) Chairman Dinesh Kumar Khara said he was agnostic to ownership

BFSI Insight Summit 2022
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(From left) Soma Sankara Prasad, MD & CEO, UCO Bank; Dinesh Kumar Khara, chairman, State Bank of India; Sanjiv Chadha, MD & CEO, Bank of Baroda; Rajkiran Rai G, MD, NaBFID Photo: Kamlesh Pednekar

Abhijit Lele Mumbai
Exuding confidence in sustaining the tempo of credit growth, public sector bankers said on Wednesday that consolidation in the public sector bank (PSB) space has given them a robust base to scale. The privatisation of PSBs can be done through divestment of government stake to a wider base of investors without haste.

There is nothing to worry about at this point (high credit offtake) as underwriting standards and risk management are much better. They have learnt their lessons from earlier episodes.

State-owned lenders have been through tough times. This elevated credit offtake (17.5 per cent year-on-year growth) is coming on

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