Posted inAT Finance, India, Myanmar, Northeast Asia, South Asia, South Korea

SBI looks abroad as India’s credit growth remains weak

With credit demand down to six-decade lows in India and no signs of early recovery in sight, the country’s largest public-owned bank State Bank of India (SBI) has pinned hopes on overseas operations to shore up its revenue and profits. The yields in global operations are higher than lending to top-rated private firms in India, […]