The government is working on a stimulus programme in order to revive growth in the economy, as per SBI chairperson.
The country’s economy is likely to rebound in coming quarters, and according to SBI chairperson Arundhati Bhattacharya, Indian banks would need more funds to provide businesses with loans as and when the pace of growth starts picking up.
“Plans are getting off the table, with a number of infrastructure projects being tendered out. Growth should come in a quarter or two,” ET quoted SBI chairperson as saying.
“The government now needs to do some heavy lifting,” she added.
Although sectors such as roads and fertilizers have started witnessing traction, the benefits should reflect in banks’ credit books with a lag.
The government is also working on a stimulus programme in order to revive growth in the economy as it faces the task of balancing expansion imperatives and fiscal rectitude, Bhattacharya said.