State Bank of India management interview: Citi India Conference 2026 | SBI Chairman CS Setty On India's Banking Outlook & Growth Strategy
CNBC-TV18, 2026-06-03. Video: https://www.youtube.com/watch?v=O56cUZ2Rl8Y
- Digital and inclusion scale: India's digital public infrastructure handles 200 billion UPI transactions annually, with SBI processing 30% (around 250 million daily) at a 0.01% technical decline rate, while microfinance active borrowers grew to nearly 63 million with a 2.5 trillion rupee loan portfolio.
- Credit deployment expansion: Consolidated MSME credit outstanding has reached around 67 trillion rupees at a 17% five-year CAGR, scheduled commercial bank infrastructure lending expanded to nearly 14 trillion rupees in 2026, and agricultural credit disbursement crossed 26 trillion rupees in FY26.
- Vision 2047 financing: Achieving developed nation status will require estimated incremental investments of nearly 200 trillion rupees by 2030 and 400 to 450 trillion rupees by FY35 across key sectors, alongside an estimated $22 trillion in cumulative energy transition investments by 2070.
- Manufacturing and demographics: India targets raising manufacturing from approximately 17% to at least 25% of GDP and must channel capital to gainfully employ a working-age population expected to exceed 1.1 billion people by 2050.