Section

Corporate bond market needs to be strengthened: SBI chairman Setty

By Business Standard - yesterday
State Bank of India Chairman C S Setty on Wednesday stressed that the corporate bond market needs to be strengthened even as he assured that the banking industry's exposure to small loans remains manageable, primarily due to the active participation of NBFCs and MFIs. Speaking on the sidelines of Bengal Chambers of Commerce and Industry's annual financial market conclave here, Setty also addressed concerns about the slowdown in unsecured loans and the importance of maintaining a healthy CASA (current and savings account) ratio. "One of the major points in corporate lending is that it was mainly done by banks. Corporate bond market still has to get strengthened," Setty said. "I think these financial services players were also significant players in mobilizing the household deposits, and have to come to the market," he said. Setty said that the banking industry is not into small value loans as such loans are given by NBFCs and MFs and added that there is some slowdown due to the ...

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.