SBI’s Setty Sees Another 50 bps of Rate Hikes, Says Retail Loan Quality Should Hold
State Bank of India Chairman C. S. Setty said the central bank may deliver another 50 basis points of rate hikes in December before pausing in February, a path that could temper discretionary consumption but is unlikely to materially weaken retail asset quality. His comments suggest India’s largest lender sees household credit stress as contained even as borrowing costs rise further. Setty also pointed to a refreshed Yono app strategy aimed at Jan Dhan account holders, underscoring SBI’s push to deepen digital banking at the mass retail level.
