SBI Unfazed by RBI Mis-selling Restrictions, Setty Confirms; Bank Forms M&A Financing Team

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SBI Unfazed by RBI Mis-selling Curbs, Eyes M&A Financing Deals

The chairman admitted that RBI’s new “expected credit loss rules” which become effective from April 2027 will impact the bank, but it would be marginal

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Moneycontrol•22-02-2026, 16:12

SBI Unfazed by RBI Mis-selling Curbs, Eyes M&A Financing Deals

•SBI Chairman CS Setty states RBI's mis-selling rules won't impact fee income, as the bank doesn't compulsorily bundle products.
•SBI is assembling a specialized team for M&A financing, including members from corporate banking, SBI Caps, and Investec.
•Setty highlights the narrowing valuation gap between SBI and private banks, with SBI's Q3 loan growth surpassing top private and PSU banks.
•SBI's credit cost is down to 29 bps in Q3, outperforming leading private banks, and aims for over 15% ROE and 1% ROA.
•The bank is preparing for RBI's 'expected credit loss rules' by April 2027, strengthening collection mechanisms and improving asset quality.

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