State Bank of India (
SBI)
Rajnish Kumar on Sunday said
credit
demand remains
subdued and there is a need for
stimulus in the
economy.
Though lack of
credit
demand exists in the
economy, there is no supply-side constraint as the public sector banks are more or less well-capitalised, he said.
"
Demand for
credit in the
economy is
subdued. There is a need for stimulus in the
economy", Kumar told reporters here.
He was in the city to attend the multi-level consultation programme with the branch managers of SBI in the region.
"There is no supply-side constraint. More or less, the public sector banks are well capitalised and bank rates also moderated," he said.
Kumar hoped that monsoon will have a positive impact.
Increased spending by the government and the upcoming festival season would boost
demand, Kumar added.