Base rate to benefit SBI: Seshadri Bharathan, KSEMA Fincon Ltd
Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about SBI.
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| Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about SBI.
What is your take on the PSU banks and in particular SBI?
Definitely, SBI is one bank which will benefit out of base rate because most of these private sector banks were undercutting the business for PSU banks by offering loans to corporates and SME at a much lower rate than what PSU banks were offering. So today there is a level playing field and PSU banks will definitely benefit. SBI has a big CASA deposit of more than 40%. So definitely it is a bank which will benefit with high rate and NIMs.
What is your take on the PSU banks and in particular SBI?
Definitely, SBI is one bank which will benefit out of base rate because most of these private sector banks were undercutting the business for PSU banks by offering loans to corporates and SME at a much lower rate than what PSU banks were offering. So today there is a level playing field and PSU banks will definitely benefit. SBI has a big CASA deposit of more than 40%. So definitely it is a bank which will benefit with high rate and NIMs.
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