SBI Chairman Dinesh Kumar Khara In An Exclusive Conversation With Nikunj Dalmia | The Interview

The Interview: Chairman of India's largest public sector lender State Bank of India (SBI) in an exclusive conversation with ET NOW Managing Editor Nikunj Dalmia said that the bank's credit deposit ratio at a global level is around 72 per cent, and as far as domestic level is concerned, we are at 65. "Buffer available with us to support the country's requirement of the country," he articulated. Chairman Dinesh Kumar Khara talked on inflation and rising interest rates in this exclusive conversation saying, as far as this quarter is concerned inflation for last two months was outside of the tolerance level of the Reserve Bank of India (RBI), however, it was a one-off mainly due to the spike in prices of vegetables. Talking about the monsoon in the country he added saying that most of the parts in the country have received normal rainfall and this will essentially be reflected in the inflationary trend. He expects that it will be within the RBI's tolerance levels." I believe interest rates will remain at pause which is a very encouraging point from the economic point of view," he said. New Sectors of Growth. Chairman Khara exuded confidence in the fast pace infrastructural development in the country saying, "logistics have become an important sector in the economy and there is conscious effort to reduce the cost of logistics from about 12 per cent to about 6-7 per cent which also means that warehouses, Data Centres apart from what I mentioned about renewable economy, the solar panels, solar cells, demand for hydrogen - All of them are the new sectors of growth and development. It somewhat gives us confidence that these new sectors will be there in a longer term as far as growth cycle is concerned for Indian economy. The kind of focus the governments have in terms of development is quite remarkable." SBI Chairman Dinesh Kumar Khara talked on inflation, rising interest rates deposit growth among other issues at an exclusive conversation with ET NOW Managing Editor Nikunj Dalmia.

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