Hoping for reduction of rates from middle of FY25: SBI Chairman Khara

Khara also says, in an interview with Manojit Saha, the bank has a plan to plough back a significant part of its profit this financial year, and that would increase capital adequacy ratio by 140 bps

Dinesh Khara, chairman of State Bank of India (SBI), exudes confidence about demand for wholesale loans as the bank has a sanction pipeline of Rs 4.7 trillion. Khara also says, in an interview with Manojit Saha, the bank has a plan to plough back a significant part of its profit this financial year, and that would increase the capital adequacy ratio by 140 basis points. Edited excerpts:

The US Federal Reserve (Fed) has indicated there could be rate cuts next year. Do you think the Reserve Bank of India (RBI) will also be in a position to reduce the repo