India-US trade agreement along with other FTAs positive for Indian economy: SBI Chairman

[ad_1] Mumbai : State Bank of India (SBI) Chairman CS Setty on Saturday said the India-US trade agreement, along with the other recently concluded Free Trade Agreements (FTAs) are extremely positive for the Indian economy.While responding to a question by on the India-US trade deal at a press conference, Setty said, "It's not only the India-US deal, but also other trade deals, whether it is with the EU or the FTA with the UK in the past, all these are extremely positive for the Indian economy.""One big positive development is that there's no overhang of tariffs," he said, adding that the agreement opens up significant opportunities for both corporates and micro, small and medium enterprises (MSMEs) to integrate with global supply chains.Further, on the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged, Setty said, it was largely on expected lines, adding that the central bank's stance on liquidity management has boosted confidence in the banking system."On the repo rate, I think it was broadly on the expected lines. Obviously, the pause was widely anticipated, and we are happy with that," Setty said.Live EventsCommenting on liquidity conditions, he noted that system liquidity is currently adequate and in surplus. He added that the RBI Governor's assurance of a pre-emptive approach to liquidity management would ensure smooth credit flow. "That gives us great confidence that liquidity will not be constrained for any credit growth going forward," he said.State Bank of India reported strong performance across key financial and operational parameters, with total business exceeding Rs 103 trillion in the third quarter of Financial Year 2026.The country's largest lender said deposits and advances stood at over Rs 257 trillion and Rs 46 trillion, respectively, while its SME portfolio crossed Rs 6 trillion, reflecting robust credit growth across segments.SBI posted its highest-ever quarterly net profit of Rs 21,028 crore in Q3FY26, registering a year-on-year growth of 24.49 percent. Operating profit for the quarter surged 39.54 percent YoY to Rs 32,862 crore.For the nine months ended FY26, the bank's return on assets (ROA) and return on equity (ROE) stood at 1.16 percent and 20.68 percent, respectively. Net Interest Income (NII) for Q3FY26 rose 9.04 percent YoY.Whole Bank and domestic net interest margins (NIM) for 9MFY26 were at 2.95 percent and 3.08 percent, respectively, while Q3FY26 NIM stood at 2.99 percent for the whole bank and 3.12 percent domestically.Whole Bank advances grew 15.14 percent YoY, led by domestic advances growth of 15.44 percent. Advances from foreign offices rose 13.41 percent YoY.Retail advances increased 16.51 percent YoY, with double-digit growth across all segments. SME advances grew by a sharp 21.02 percent YoY, followed by agriculture advances at 16.56 percent and retail personal advances at 14.95 percent. Corporate advances recorded a YoY growth of 13.37 percent.On the liabilities side, Whole Bank deposits grew 9.02 percent YoY. CASA deposits rose 8.88 percent YoY, with the CASA ratio standing at 39.13 percent as of December 31, 2025. Retail term deposits grew 14.54 percent YoY.Asset quality continued to improve, with the gross NPA ratio declining by 50 basis points YoY to 1.57 percent. Net NPA ratio improved by 14 basis points to 0.39 percent.The provision coverage ratio (PCR) increased by 88 basis points YoY to 75.54 percent, while PCR including AUCA stood at 92.37 percent, up 63 basis points YoY.Slippage ratio for 9MFY26 improved by 5 basis points YoY to 0.54 percent, while Q3FY26 slippages stood at 0.40 percent. Credit cost for the quarter was contained at 0.29 percent.The bank's capital adequacy ratio (CAR) stood at 14.04 percent at the end of Q3FY26.SBI also highlighted continued traction in digital adoption. More than 68 percent of savings bank accounts were opened digitally through YONO during Q3FY26. The share of alternate channels in total transactions increased to 98.6 percent in 9MFY26 from 98.1 percent in the corresponding period last year. [ad_2] Source link Follow Us: https://facebook.com/gagab2b https://youtube.com/gagab2b https://gagab2b.com https://gagab2b.com/import-export-news/import-export-india-news/india-us-trade-agreement-along-with-other-ftas-positive-for-indian-economy-sbi-chairman/?feed_id=4137&_unique_id=699508c125bac

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