 "SBI, state bank of India")
After witnessing more than 20 per cent year-on-year (YoY) growth in its international loan books till December 2022, State Bank of India (SBI) expects it to moderate to 9-10 per cent.
Its overseas books cover India-linked loans, local loans in foreign offices, and trade finance.
The country’s largest bank is focusing more on yields than just growing its books, and earning more in international operations, C S Setty, managing director (international banking, global markets and technology), told Business Standard.
Foreign office advances were up by 21.47 per cent to ~4.86 trillion in December 2022 from ~4 trillion in December 2021.
