SBI Chairman announces Rs 4 lakh crore credit pipeline from Indian corporations for increased private sector capex in infrastructure.

SBI Chairman C S Setty announced a Rs 4 lakh crore credit pipeline from Indian corporations, anticipating increased private sector capital expenditure in the latter half of the fiscal year. This growth is driven by infrastructure projects in roads, renewable energy, and refineries. Additionally, Finance Minister Nirmala Sitharaman proposed an 11.1% increase in capital expenditure for 2024-25 to Rs 11.11 lakh crore, equating to 3.4% of GDP. No divestment plans for SBI subsidiaries were mentioned.

September 24, 2024
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