Business
Corporate Loan Growth To Reach Double Digits In FY26, Rs 7 Lakh Crore In Loans Lined Up: SBI Chairman
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With the economy picking up, SBI is seeing a clear rise in demand for corporate loans and expects this segment to grow by double digits
SBI
With the economy picking up, the State Bank of India (SBI) is seeing a clear rise in demand for corporate loans and expects this segment to grow by double digits over the next two quarters of the current financial year, according to the bank’s Chairman C S Setty. He said the bank has a strong pipeline for corporate loans, with about Rs 7 lakh crore in loan approvals, including unused working capital limits and term loans currently being disbursed. There are also several project loans under discussion.
Corporate credit, which had been slow for some time, saw a turnaround with 7.1 percent growth in Q2. He added that the bank expects corporate credit to grow in the lower double digits over the next two quarters, given the current pipeline.
As economic activity improves, working capital usage is also increasing each quarter. For term loans, those already approved and being disbursed are being drawn down, and new projects under discussion will keep the pipeline going.
The SBI Chairman also said the bank may not need to raise equity capital to support credit growth and aims to keep a capital adequacy ratio of 15 percent over the next 5-6 years. He said that even before the recent QIP, funding credit growth was not an issue, but the bank wanted to strengthen its capital ratios. The goal is to keep the CRAR at 15 percent and Common Equity Tier 1 at 12 percent. This level of capital allows the bank to fund advances over Rs 12 trillion.
With current profit levels, if profitability stays the same for 5-6 years, the bank may not need to raise more capital, at least for CET 1. In July this year, SBI raised Rs 25,000 crore through a qualified institutional placement (QIP), the largest ever in Indian capital markets. Earlier, the bank raised Rs 15,000 crore through QIP in June 2017.
For Tier II bonds, Setty said the bank raises funds periodically to replace maturing bonds, and this year it will raise another Rs 12,500 crore through such bonds. He is confident the bank will achieve its 3 percent net interest margin target, even if the Reserve Bank cuts the repo rate by 0.25 percent in the upcoming policy review.
He said the RBI’s decision next Friday will be a close call, but SBI expects a small rate cut of 0.25 percent. If there is a rate cut in December, it is expected to be shallow and should not have a big impact on margins.
Earlier this week, RBI Governor Sanjay Malhotra said there is room for a rate cut, as mentioned in the last policy in October. Recent statements and economic indicators have led to expectations of a rate cut in the upcoming Monetary Policy Committee meeting on December 5.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
November 30, 2025, 13:59 IST
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The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Gold price today: How much 22K, 24K gold cost in Delhi, Patna & other cities – Check rates – The Times of India
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The yellow metal had closed at Rs 1,46,500 per 10 grams in the previous session.Since the start of 2026, gold prices have surged Rs 9,600, or around 7 per cent, supported by persistent demand in the physical market. In overseas trade, spot gold slipped USD 12.22, or 0.26 per cent, to USD 4,614.45 per ounce, after having touched a record high of USD 4,643.06 per ounce in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
The price of 22K gold in Delhi is Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 13,290 per gram, up Rs 10, while 24K gold is priced at Rs 14,498 per gram, higher by Rs 10.
Gold price in Mumbai today
Mumbai markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 13,130 per gram, down Rs 75, while 24K gold costs Rs 14,323 per gram, lower by Rs 82.
Gold price in Kolkata today
Kolkata markets price 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Jaipur today
In Jaipur, 22K gold costs Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Hyderabad today
Hyderabad sees 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold is priced at Rs 14,318 per gram, lower by Rs 82.
Gold price in Bhubaneswar today
Bhubaneswar markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold costs Rs 14,318 per gram, lower by Rs 82.
Gold price in Patna today
In Patna, 22K gold costs Rs 13,130 per gram, down Rs 75, while 24K gold is priced at Rs 14,323 per gram, lower by Rs 82.
Gold price in Lucknow today
Lucknow markets see 22K gold priced at Rs 13,140 per gram, down Rs 75, while 24K gold costs Rs 14,333 per gram, lower by Rs 82.
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
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