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State Bank of India chair: India’s rising economic confidence pushing loan demand

Dinesh Kumar Khara discusses India’s rising consumer lending rates and plans for $1bn raised in loans earlier this year
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State Bank of India chair: India’s rising economic confidence pushing loan demandImage: Sajjad Hussain/AFP via Getty Images

On the sidelines of the Asian Development Bank annual meeting in Tbilisi, Georgia, Dinesh Kumar Khara, chair of the State Bank of India, is bullish on India’s future and its strong economic growth potential. 

A: People have high expectations in terms of the stability of economic policy. The major departure compared to past elections is the confidence people have in the government and its pragmatic policies, which have led to the growth of the economy. These economic policies are the ones which supported the country through Covid. I would go to the extent of saying that it will be because of these policies that today India stands out as a shining star as compared to the rest of the globe.  

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Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.
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