SBI slows down unsecured retail loans, to focus on healthy growth

The State Bank of India, the country’s largest lender, has slowed down unsecured retail loans as the lender will focus on ‘healthy’ growth, even if overall loan growth is expected to stay robust at 15 per cent amid steady demand from corporates, Chairman Dinesh Khara said.

“Unsecured was growing at a very fast pace, 30-33 per cent for the system. We have purposely slowed it down, which has come down to 18 per…