SBI's cost to income ratio to dip to 54-55% in two years, says S&P

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SBI's cost to income ratio to dip to 54-55% in two years, says S&P - Business Standard

Quick Summary:

Credit costs have been exceptionally low over the last two years, aided by limited new non-performing loans and good recoveries on bad loans.

The bank, in its analyst interaction, has maintained that it would lower the cost to income ratio by focusing on the income side.

The bank could gradually improve its operating efficiency over the next three years as it exploits its digital platforms, the rating agency said in a statement which SBI filed with the stock exchange.