
"The CAG (corporate accounts group) has crossed a business of Rs 2,00,000 crore," the bank said in a statement Wednesday.The bank's exposure to the corporates had stood at Rs 1,68,901 crore at end of the June quarter.
Interestingly, the jump comes even as bankers are complaining about no new project coming up for funding and the bank reportedly stopping lending to road projects which do not have fully secured the land.
Bankers say majority of corporates are back to banks to meet working capital requirements. SBI had yesterday said it posted a healthy growth of over 20 percent in advances during Q2 as the commercial papers (CP) and certificate of deposits (CD) markets have dried up of late as pricing have shot up.
The rates in the call money markets, too, have hardened following the Reserve Bank's liquidity tightening measures in July to arrest the rupee fall.
SBI has denied facing any liquidity issues though it has taken some measures like being cautious on new loans by discounting the letters of credit of only the top-rated companies. Meanwhile, SBI also opened a corporate branch in the Bandra Kurla Complex area of the metropolis.
PTI
More From GoodReturns

Indane, HP & Bharat Gas Cylinder Booking Rules: OTP Mandatory After LPG Refilling Gap Increased to 25-45 Days

Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel

Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?

Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook

Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24

Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?

Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip

Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices



Click it and Unblock the Notifications