Khara told ET that Indias focus on building manufacturing muscle would further strengthen the growth capex trend and, in turn, banks that are expected to help finance India s spectacular and exciting journey along the competitiveness gradient.
The RBI on January 31 directed Paytm Payments Bank to stop accepting deposits or top-ups in any customer accounts, wallets, Fastags and other instruments after February 29, effectively asking it to stop all its primary activities.
State Bank of India Chairman Dinesh Kumar Khara has expressed his optimism regarding the 7.3% growth estimate for India in FY24. Speaking to PTI at the Vibrant Gujarat Global Summit, Khara described the estimate as a "very positive" development and stated that the overall economic climate is currently "very encouraging". The National Statistical Office (NSO) recently projected a real GDP growth rate of 7.3% for FY24, surpassing previous estimates of less than 6.5%.