SBI Chairman CS Setty's Big NIM Prediction, Loan Growth Outlook & El Niño Warning | Exclusive
NDTV Profit · 03 Nov 2026 · 6 min
Management interview of State Bank of India (SBIN), with 6 key numbers discussed.
- CS Setty, Chairman, State Bank of India
State Bank of India expects its Net Interest Margin to exceed its conservative 3% guidance, aided by repo rate hikes and a 15 bps MCLR hike. Management guided for 14-15% loan growth across sectors and affirmed a 1% ROA target, noting that the estimated Rs 19,500 cr ECL impact will be taken from capital funds rather than P&L. Operating expenses rose due to early smoothening of costs into Q2 and Q3. Management highlighted El Niño as a potential headwind for rural consumption and inflation rather than immediate asset quality.