State Bank of India management interview: Copper, Crude & Capex Boom: What Companies Are Saying About FY27 Growth | Business News | ET Now
ET Now, 2026-06-03. Video: https://www.youtube.com/watch?v=GB_KHCZFoT0
- Vision India 2047: India aims to transform into a developed nation (Viksit Bharat) with per capita income rising to $10,000, up from $2,700 currently and $800 in 2006.
- Digital public infrastructure: UPI handles 200 billion transactions annually, with SBI processing 30% of that volume—nearly 250 million daily transactions—at a 0.01% technical decline rate.
- Financial inclusion expansion: Driven by direct benefit transfers, social security coverage expanded to over 64% of the population in 2025, while the microfinance loan portfolio grew nearly sevenfold to approximately ₹2.5 trillion across nearly 63 million active borrowers.
- Sector credit growth: Consolidated MSME credit outstanding reached around ₹67 trillion, expanding at a 17% five-year CAGR, while commercial bank infrastructure lending reached nearly ₹14 trillion and agricultural credit disbursement crossed ₹26 trillion in FY26.