Faster loan growth, lower valuation: SBI takes the fight to HDFC Bank
- Posted on November 4, 2026
- By Financial Express
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- 1 min read
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Faster loan growth, lower valuation: SBI takes the fight to HDFC Bank
SBI reported an 18.2% y-o-y growth in credit in the second quarter of FY27, and broadly faster than nearest rival, HDFC Bank. Loan growth momentum for SBI was partly from recently raised FCNR(B) deposits. SBI also had the lowest NPA ratio in more than two decades. Dalal Street was disappointed with SBI maintaining its loan growth guidance of 14%-15% for FY27.
