SBI's newly appointed chair C S Setty targets unbanked in expansion plans

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This investment in technology and digitalisation has helped us to reach the bottom of the pyramid in a much lower cost.

The country generated about $590 billion in new wealth in 2023, its largest increase in history, according to a recent report from the Boston Consulting Group.

India’s top lenders are getting squeezed as they grapple with tighter liquidity and deposit growth that’s lagging behind credit expansion.

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Article Details

Category: BusinessFinance

Markets: India

Topics: State bank of India Indian banks SBI C S Setty SBI chairman Expansion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 07:27:03 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23315284

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