MUMBAI: SBI chairman CS Setty said that even after years of lending to infrastructure, banks lack expertise in advances to emerging areas like green energy and battery storage,
He added that after excesses in corporate lending caused a surge in NPAs, banks have been forced to go after personal loans because a lack of formalization has made it difficult to lend to small businesses and retail.
“While we expect much of the capital to come from overseas and support domestic capital formation, universal banks – particularly large ones like SBI – are expected to play a role in infrastructure financing. Despite our years of expertise in project financing, the skill set required One idea is to establish a center of excellence focused on these areas, in collaboration with multilateral development banks and large MNC banks.
He added that after excesses in corporate lending caused a surge in NPAs, banks have been forced to go after personal loans because a lack of formalization has made it difficult to lend to small businesses and retail.
“While we expect much of the capital to come from overseas and support domestic capital formation, universal banks – particularly large ones like SBI – are expected to play a role in infrastructure financing. Despite our years of expertise in project financing, the skill set required One idea is to establish a center of excellence focused on these areas, in collaboration with multilateral development banks and large MNC banks.
