State Bank of India to focus more on term loans, recovery.
Countries largest lender State Bank of India (SBI) plans to go for loans with slightly higher risk only after it has exhausted all opportunities to lend to the best companies. This move comes at a time when the bank is saddled with bad loans aggregating about Rs 55,000 crore due to the economic slowdown.
Further, the bank wants to focus more on term loans as it is more paying. Besides, the working capital space is too crowded.