SBI Chief Dinesh Khara Sees ‘Ghar Wapsi’ for Deposits Amid Regulatory Action

by | Aug 4, 2024 | Business

SBI Chairman Dinesh Kumar Khara predicts a return of retail deposits to banks due to regulatory crackdowns on derivative trading. Regulatory bodies, particularly SEBI, are discouraging retail participation in futures and options (F&O) trading after significant losses reported by investors. With a new seven-point plan to curb such trades and budget measures reducing speculative activities, Khara anticipates increased deposit growth. This shift is crucial as deposit growth has lagged behind credit expansion, affecting economic growth. SBI aims for a 15% credit growth and 8-10% deposit growth in FY25.

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