Repair rural household economy to sustain growth: SBI chief
Saturday, March 18, 2017, 3:42 PM
Calling for focusing on farm sector growth to sustain higher overall growth, the State Bank of India on Friday said revival in credit demand will stay low until the balance sheets of the rural households are repaired. Banks are facing two challenges-growth capital and asset quality concerns. The asset quality concerns are due to lack of demand and loans given during the boom years.