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SBI Lowers Loan Growth Target: What It Means for You

04 May, 2025

The State Bank of India (SBI), the country's largest bank, has lowered its loan growth target for the financial year 2026 from 14-16% to 12-13%. This decision comes as the bank faces uncertainties related to tariffs, impacting overall economic conditions. In the last quarter, SBI's profit after tax fell 10% to ₹18,643 crore. Despite these challenges, the bank's corporate loan book has expanded, and net profit for the fiscal year increased by 16.08% to ₹70,901 crore. SBI is also raising equity capital of up to ₹25,000 crore to support its growth strategies.

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