SBI Chairman Says Funding Fears Are Over as Bank Logs Record Profit 80032 Crore

Excess SLR worth Rs 3 lakh crore is the lifeline

SBI Chairman Challa Sreenivasulu Setty dismissed concerns over funding by pointing to an excess Statutory Liquidity Ratio (SLR) of roughly Rs 3 lakh crore on the bank’s balance sheet. He said the public sector lender has no funding challenges ahead even as SBI reported its highest-ever annual profit of Rs 80,032 crore.