State Bank of India expects moderation in growth in global books

The foreign office advances were up by 21.47 per cent year on year (YoY) basis to Rs 4.86 trillion in December 2022 from Rs 4.0 trillion in December 2021

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.