Research Desk - SBI In the News
रिसर्च डेस्क
Union Budget
- Union Budget 2025-26 Analysis
- Union Budget 2024-25 Analysis
- Interim Budget 2024-25 Analysis
- Union Budget 2023-24 Analysis
- Union Budget 2022-23 Analysis
- Union Budget 2021-22 Analysis
- Union Budget 2020-21
Ecowrap
March-2025
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26.03.2025: “Revised Priority Sector Lending (PSL) Norms should help the Economy, Beneficiary Sectors as also Financial Institutions”
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20.03.2025: “Inter-regional Inflationary Disparity Warrants Novel Steps for Convergence”
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12.03.2025: “CPI INFLATION AT 3.6% IN FEB 2025 WITH HOLY MAHA KUMBH HAVING SOBERING IMPACT ON ITEMS LIKE GARLIC CONSUMPTION”
February-2025
January-2025
December-2024
November-2024
October-2024
September-2024
August-2024
July-2024
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16.07.2024: “India’s inclusion in Bond Indices will help in supplementing the BoP surplus”
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12.07.2024: “CPI INFLATION RISES TO 5.08% DRIVEN BY FOOD AND SERVICES”
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10.07.2024: “RBI KLEMS & ASUSE (SURVEY) EMPLOYMENT NUMBERS OF GOVERNMENT BROADLY MATCH”
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08.07.2024: “PRELUDE TO UNION BUDGET 2024-25: The 6% MSP trap”
June-2024
- 12.06.2024: “Consumer Expenditure Survey shows…Nearly equivalent increase, over the decade, across fractile classes in MPCE spanning both rural as also urban areas with a sharp reduction in gap between top and bottom fractiles in urban areas in particular”
- 07.06.2024: “RBI MAINTAINS STATUS QUO THOUGH DIVERGENCE BECOMING PRONOUNCED: LIQUIDITY MANAGEMENT CRUCIAL: WE FACTOR IN THE FIRST RATE CUT IN OCTOBER 2024"
- 05.06.2024: “Prelude to MPC Meeting: The Rise of the ‘Collateral’ risks globally”
May-2024
March-2024
January-2024
December - 2023
November-2023
October-2023
September-2023
May-2023
March-2023
February-2023
December-2022
November-2022
October-2022
September-2022
July-2022
May-2022
April-2022
February-2022
- 28.02.2022: “FY22 REAL GDP ESTIMATES ARE HIGHER BY RS 18,000 CRORES THAN BUDGET ESTIMATES: HIGHER NOMINAL GDP EATING AWAY GOVERNMENT DEBT, DANGERS OF INFLATION ARE MANY”
- 25.02.2022: “CRUDE PRICE DECLINE COULD BE EVEN SHARPER THAN THE RISE: INFLATION REMAINS A THREAT THOUGH CURRENT CPI DATA METHODOLOGY”
- 18.02.2022: “DECODING GROWTH AGAINST CONFLICTING SIGNS WITH Q3FY22 GDP PEGGED AT 5.8%, FY22 GDP AT 8.8%”
- 15.02.2022: “PRODUCTION LINKED INCENTIVE SCHEME, IMPORTS FROM CHINA AND GLOBAL VALUE CHAIN: THE POSSIBLE TRINITY!”
- 10.02.2022: “RBI POLICY MAKES A CLEAR DISTINCTION BETWEEN STRATEGY AND STANCE: YIELDS COULD HEAD TOWARDS ~6.55%-6.6%”
- 07.02.2022: “20 BPS HIKE IN REVERSE REPO RATE OUTSIDE MPC”
January-2022
- 26.01.2022: “RATE HIKE CYCLE IS BETTER FOR PRICE DISCOVERY IN MARKETS AS RISKS GET PRICED IN”
- 19.01.2022: “FISCAL DEFICIT FOR FY23 COULD BE IN THE LOWER END OF 6-6.5%:GROSS BORROWINGS OF CENTRE AT RS 12 LAKH CRORE”
- 18.01.2022: “ COVID-19: THIRD WAVE, THE BEGINNING OF THE END?”
- 12.01.2022: “CREDIT GROWTH BUOYANT: SBI INHOUSE SURVEY SUGGESTS PLANS OF CAPACITY EXPANSION ACROSS SECTORS”
- 07.01.2022: “GDP EXPECTED TO GROW BY 9.2% IN FY22”
- 06.01.2022: “The ECLGS that saved 13.5 lakh MSME units, 1.5 crore jobs & 14% of Outstanding MSME loans turning into NPA”
December-2021
November-2021
- 30.11.2021: “GDP GROWTH LIKELY TO TOP 9.5% IN FY22: PRIVATE INVESTMENT REVIVAL SEEMS ROUND THE HORIZON”
- 29.11.2021: “IS EMPLOYMENT IN INDIA MAKING A TRANSITION FROM INFORMAL TO FORMAL? MAKING SENSE OF PLFS & CMIE SURVEYS AND REAL-TIME E-SHRAM DATA!”
- 26.11.2021: “FOR A FEW DOLLARS MORE!:THE IMMEDIATE NEED TO MITIGATE NATURAL DISASTERS IN INDIA THAT ARE NOW BECOMING MORE OF A TREND THAN A BLACK SWAN EVENT”
- 22.11.2021: Q2 FY22 GDP PEGGED AT 8.1%: FY22 gdp GROWTH NOW SEEN IN THE RANGE OF 9.3%-9.6%, WITH 42% FULLY VACCINATED
- 08.11.2021: INDIA IS NOW AHEAD OF CHINA IN FINANCIAL INCLUSION METRICS: HOWEVER IT IS IMPORTANT TO FINE-TUNE NON BRANCH BC MODELS
- 01.11.2021: SHARE OF INFORMAL ECONOMY MAY HAVE SHRUNK TO NO MORE THAN 20% FROM 52% IN FY18
October-2021
September-2021
- 21.09.2021: EXCESS LIQUIDITY AND PRICING OF CREDIT RISK: ARE WE DOING ENOUGH?
- 15.09.2021: HOUSEHOLD DEBT INCREASED ON AN AVERAGE BY 1.5X BETWEEN 2012 & 2018: BENEFITS OF FORMALISATION EVIDENT WITH NON-INSTITUTIONAL CREDIT SHARE DECLINING PRECIPITIOUSLY
- 09.09.2021: INDIA’S MERCHANDISE EXPORTS GOING STRONG: SUSTAINING THE MOMENTUM IS KEY
- 03-09-2021: “ONE OUT OF EVERY TWO PAYROLL IS NEW/FIRST JOB IN Q1 FY22”
August-2021
- 31-08-2021: “AT 17.9 CRORE IN AUGUST, VACCINATION IS THE BEST BET FOR GROWTH RECOVERY : 70% NEW INVESTMENTS FROM PRIVATE SECTOR”
- 24-08-2021: “Q1 FY22 GDP COULD BE 18.5% AND UPWARDS: WATCH OUT FOR GDP AND GVA DIVERGENCE
- 18-08-2021: “EMPOWERING INDIANS WITH INSURANCE (64.74 CRORES) & PENSION (4.24 CRORES): YEH DIL MANGE MORE…”
- 10-08-2021: “ARE INDIA’S MERCHANDISE EXPORTS ENTERING A PERIOD OF SUSTAINED GOLDILOCKS?”
- 06-08-2021: “RBI POLICY: BETWEEN SCYLLA AND CHARYBDIS”
- 03-08-2021: “ARE STATE BORROWINGS OVERSIZED WITH RESPECT TO STATE GDP?”
- 02-08-2021: “SBI COMPOSITE INDEX IMPROVES IN JULY 2021”
July-2021
- 27-07-2021: “INCORPORATING RETAIL DIGITAL TRANSACTIONS INTO MONEY SUPPLY MEASUREMENT”
- 19-07-2021: “BOTTOMLINE OF INDIAN COMPANIES SHOW A SIGNIFICANT IMPROVEMENT WITH TRIPLE BENEFIT OF LOW INTEREST COST, EXPENDITURE REDUCTION AND LOW TAXES”
- 13-07-2021: “WERE MAY INFLATION NUMBERS AN ABERRATION?”
- 09-07-2021: “INCREMENTAL REFORMS BY STATES IN POWER AND LOCAL BODIES COULD POTENTIALLY ADD AT LEAST RS 72000 CRORE TO STATES KITTY IN FY22”
- 05-07-2021: SBI COMPOSITE INDEX DECLINES IN JUNE 2021!
June-2021
- 30-06-2021: “DECODING BIRTHS AND DEATHS IN INDIA: THE CASE FOR DIVERSITY IN UNITY!”
- 28-06-2021: RELIEF MEASURES AIMED AT BROADBASING BANK LENDING FURTHER TO AMELIORATE STRESS
- 22-06-2021: RISING RETAIL PARTICIPATION IN STOCK MARKET: IS IT THE BEGINNING OF A LONG TERM BEHAVIOURAL CHANGE?
- 16-06-2021: INFLATION PERSISTENCE VIS-À-VIS LOW GROWTH: RBI HAS LIMITED CHOICE
- 14-06-2021: COVID HAS NOT REALLY UNSETTLED CONSERVATIVE GOVERNMENT FINANCES: THE CASE FOR A BOND MARKET CHEER OR / AND FISCAL LEVER?
- 08-06-2021 : IS CREDIT GROWTH HAMSTRUNG BY DELEVERAGING?
- 04-06-2021: THE LIMITS OF MONETARY POLICY INTERVENTION: TIME FOR FISCAL POLICY TO DECISIVELY LEAN WITH THE WIND
- 02-06-2021 : SBI MONTHLY COMPOSITE INDEX DECLINES IN MAY
- 01-06-2021 : REVISING FY22 GDP ESTIMATES TO 7.9%
May-2021
- 27-05-2021 : RBI ANNUAL REPORT 2020-21
- 25-05-2021 : FY21 GDP ESTIMATES AT -8% MAY SEE UPWARD REVISION
- 21-05-2021 : "INDIAN STATES & GLOBAL VACCINATION MARKET: THE TEMPLATE FOR MAKING STATE VACCINE PROCUREMENT A SUCCESS"
- 17-05-2021 : "PANDEMIC, DISCRETIONARY SPENDS AND HEADLINE INFLATION: INFLATION BEGINNING DEC’20 IS HIGHER THAN REPORTED NUMBERS"
- 14-05-2021 : "STATE ELECTIONS: HOW WOMEN ARE SHAPING INDIA’S DESTINY"
- 10-05-2021 : FROM FLEXIBLE INFLATION TARGETING TO OPEN ECONOMY INFLATION TARGETING:TRANSCENDING THE RBI PATH"
- 07-05-2021 : "ECONOMIC DISRUPTIONS GAIN MOMENTUM AS CASES SURGE: OPPORTUNITY FOR ADMINISTRATIVE REFORMS?"
- 05-05-2021 : 'RBI UNVEILS A BOUQUET OF INNOVATIVE MEASURES: MEASURES NOW TRANSCEND ECONOMIC HEALTH AND MOVE TO PUBLIC HEALTH"
April-2021
- 29-04-2021 : 'THE POWER OF VACCINATION : STAY SAFE : DON'T CONFUSE BETWEEN PROBABILITY & POSSIBILITY OF GETTING INFECTED"
- 23-04-2021 : "THWARTING THE SECOND WAVE : RAPID VACCINATION SHOULD BE THE PRIMARY TOOL AND NOT LOCKDOWN"
- 16-04-2021 : 'ARE PEOPLE IN INDIA BECOMING MORE RISK AVERSE POST MARKET ABERRATIONS IN 2008 ?"
- 07-04-2021 : 'RBI FORWARD GUIDANCE ENCOMPASSES GUARNATEED LIQUIDITY : REMINISCENT OF DEVELOPED MARKET CENTRAL BANKS
- 01-04-2021 : 'SBI YEARLY COMPOSITE INDEX CONTINUE TO GROW UPWARD ?
March-2021
- 25-03-2021 : 'SECOND WAVE OF INFECTIONS : THE BEGINNING OF THE END ?
- 24-03-2021 : 'STATE GSDP NUMBERS MIGHT UNDERGO REVISION'
- 22-03-2021 : 'SWACHH BHARAT IS A RECIPE FOR INDIA'S GROWTH : INDIA IMPROVED A SHARP 108 POSITIINS IN BRIBERY INDEX 6 YEAR ENDED 2020'
- 12-03-2021 : 'CORE CPI AT 5.9%'
- 10-03-2021 : 'HOW STATE BUDGETS ARE BECOMING THE PRECURSOR OF A BETTER GDP GROWTH IN FY21 AND EVEN FY 22'
- 04-03-2021 : 'BRINGING PETROL & DIESEL UNDER GST LIMITS PAN INDIA PETROL PRICES AT RS 75 & DIESEL AT RS 68 : APPROX REVENUE LOSS FOR CENTRE & STATES ONLY AT 0.4% OF GDP/RS 1 LAKH CRORE : FISCAL DEFICIT FOR CURRENT FISCAL WILL BE LOWER%'
February-2021
- 27-02-2021 : 'GDP GROWS IN Q321, BUT POSTULATED Q421 GDP DECLINE A STASTISTICAL ABERRATION REFLECTING EXPENDITURE CLEAN UP : GVA A BETTER CHOICE, Q4GVA AT 2.7%'
- 22-02-2021 : 'UNDERSTANDING THE RECETN SURGE IN G-SEC YIELDS & HOW THE RBI CAN CAP SUCH RISE'
- 10-02-2021 : 'REVISING FY21 GDP ESTIMATES TO -7.0% (PREVIOUSLY -7.4%) : Q3 AT 0.3% WITH AN UPSIDE BIAS '
- 05-02-2021 : 'RBI ASSURES CONTINUED LIQUIDITY SUPPORT: YIELD CURVE IS A PUBLIC GOOD & MARKETS SHOULD APPRECIATE '
- 04-02-2021 : 'FROM OFF BALANCE SHEET TO HEADLINE DEFICIT : THE BUDGET REDEFINES FISCAL RULES '
- 03-02-2021 : 'SBI COMPOSITE INDEX CONTINUE TO GROW FORWARD
January-2021
- 28-01-2021 : 'GST COLLECTION MIGHT HAVE CROSSED Rs 1.20 LAKH CRORE MARK IN JAN'21 : RECORD CASH BALANCES TO MITIGATE GOVERNMENT BORROWINGS THROUGH MARKET IN FY 22 TOO '
- 12-01-2021 : 'FY21 BUDGET MIGHT END WITH A FISCAL DEFICIT AT 7.4% : FY22 DEFICIT AT 5.2%, NOMINAL GDP GROWTH AT 15% '
- 07-01-2021 : 'GDP CONTRACTION FOR FY21 AT 7.7% COULD STILL HAVE AN UPWARD BIAS'
- 06-01-2021 : 'SEVEN MONTHS AFTER UNLOCK : INDIA SET FOR A RECORD VACCINATION OF 13 LAKHS PER DAY IN RECORD TIME '
- 22-01-2021 : 'CARD TRANSACTIONS REVEAL FUEL SPEND NOW CROWDING OUT DISCRETIONARY SPENDS - INFLATION AT 5% COMPARED TO CSO CPI AT 4.6%, LIQUIDITY TO REMAIN SURPLUS AS A RBI STRATEGY '
December-2020
- 21-12-2020 : '5 FEASIBLE SUGGESTIONS TO RESOLVE THE STANDOFF OVER THE FARM BILLS ?
- 16-12-2020 : FY21 GDP DEGROWTH AT 7.4 %, Q3FY21 AT 0.1% : BUT TIME TO REDEFINE RETAIL SCORING MODELS ?
- 08-12-2020 : 'SIX MONTHS AFTER UNLOCK '
- 07-12-2020 : 'STATES' RANKING ON COVID MANAGEMENT, MACRO PARAMETERS & CENTRAL GOVERNMENT SCHEMES : NORTH EAST AT TOP, WHILE WEST BENGAL AND CHHATISGARH AT BOTTOM '
- 27-11-2020 : 'Q2 GDP SHOWS SURPRISING RESILIENCE : IS IT GOOD ENOUGH TO LAST ? '
- 04-12-2020 : 'GIVE ME GROWTH AND I (RBI) WILL GIVE YOU ( POLICY) FREEDOM '
November-2020
- 25-11-2020 : 'TIME FOR RBI TO LEAN WITH THE WIND IN THE FOREIGN EXCHANGE MARKET ? '
- 20-11-2020 : 'POSITIVE EVENTS IMPROVE INDIA'S Q2 GDP PROJECTIONS: LOSSES REDUCED BUT REASONS TO REMAIN CAUTIOUS REMAIN '
- 12-11-2020 : 'GOVERNMENT ANNOUNCES A SLEW OF MEASURES IN ATMANIRBHAR 3.0'
- 11-11-2020 : 'HOW THE BANKING SECTOR COULD SIGNIFICANTLY SURPRISE IN FY21 ON ASSET QUALITY : A CASE OF SUB GAME PERFECT NASH EQUILIBRIUM !
- 09-11-2020 : 'INDIA TACKLED COVID MUCH BETTER WITH OUR MODEL CASES 2.65 LAKH LOWER THAN ACTUAL : HUMAN PSYCHE NOT CHANGED IN 355 YEARS !
- 09-11-2020 : FIVE MONTHS AFTER UNLOCK'
- 02-11-2020 : 'INDIA NEEDS TO FOCUS MORE ON INCREASING PRODUCTIVITY AND LESS ON IMPORT TARIFFS IN ITS QUEST FOR ATMANIRBHAR BHARAT'
October-2020
- 27-10-2020 : 'SEPTEMBER WITNESSED A BIG JUMP IN LABOUR REMITTANCES , PICK UP IN FIRST PAYROLL: PMJDY ACCOUNTS ARE ALSO ACTING AS A DETERRENT TO CRIME'
- 22-10-2020 : 'INCREASING THE LEGAL AGE OF WOMEN MARRIAGE: A DOMINANT STRATEGY FOR SOCIETAL GOOD, FINANCIALLY EMPOWERING WOMEN'
- 19-10-2020 : 'PM JAN BHAGIDARI AND JAN CHETANA & EVEN INTEREST RATE SIGNALLING ARE PUBLIC GOODS: BEST WORKS WITH INCENTIVISATION OR DETERRENT'
- 13-10-2020 : 'CONDITIONAL FISCAL STIMULUS AT A MINIMAL 0.2% OF GDP'
- 12-10-2020 : 'AGRI-REFORMS POLITICS: CATERING TO ONLY CEREAL PRODUCING STATES & SHUNNING FRUITS AND VEGETABLES IS LAZY FARMING AND PAROCHIAL THINKING'
- 09-10-2020 : 'COMETH THE TIME, COMETH THE RBI'
- 08-10-2020 : 'FOUR MONTHS AFTER UNLOCK : SILVER LINING AMONG SLOWLY DISSIPATING DARK CLOUDS'
- 01-10-2020 : 'AUGUST CREDIT DATA PORTENDS TROBLE : LARGE DECLINE IN SAVINGS BAK DEPOSITS & LOWER PACE OF ACCRETION OF TIME DEPOSITS IN UNLOCK 4 REVEALS HPOUSEHOLD STRESS'
September-2020
- 21-09-2020 : 'RBI SUCCESSFULLY NAVIGATING POLICY QUADRILEMMA BY BUILDING RESERVES, PRESERVING POLICY AUTONOMY : SBI FINANCIAL STABILITY INDEX SHOWS A CLAER JUMP SINCE MAY'20'
- 14-09-2020 :'ESTIMATED LOWER BOUND OF RBI POLICY RATE IS 3.5% BUT CREEPING UP STEADILY : FISCAL MEASURES MUST AS AT LOW POLICY RATES FISCAL MULTIPLIERS HAVE MAXIMUM IMPACT'
- 10-09-2020 : 'AUGUST INFLATION NUMBERS COULD BE UNPLEASANT : RATE CUT HOPES FADE'
- 07-09-2020 : 'COORDINATED MONETARY AND FISCAL INEQUILIBRIUM- THE MOST EFFECTIVE APPROACH TO THE CURRENT PANDEMIC'
- 04-09-2020 : 'RBI UNLEASHES POLICY FEDERALISM BY MATCHING SOCIAL INCLUSION WITH BANK LENDING'
- 03-09-2020 : 'THREE MONTHS AFTER UNLOCK'
- 01-09-2020:'Q1 GDP REVEALS DEEPER MALAISE : WE NOW ESTIMATE FY21 REAL GDP AT -10.9% ( -6.8% PREVIOUSLY)
August-2020
- 28-08-2020 : 'FINDING WAYS TO SUPPORT STATES TIDE OVER RS 3 LAKH REVENUE SHORTFALL FROM GST'
- 27-08-2020 : 'MONETARY POLICY IS A SCIENCE, BUT THIS RBI IS MAKING IT AN ART'
- 25-08-2020 : 'HOUSEHOLD FINANCIAL LIABILITIES NOSEDIVED IN FY20: REFLECTING SIGNIFICANT SLOWDOWN IN DISPOSABLE INCOME, LIKELY TO GAIN FASTER PACE IN FY21 ?CRORES
- 24-08-2020 : 'SUPPORTING STATES THROUGH INNOVATIVE FINANCING METHODS : ESTIMATED UNCOVERED LOSS AT -RS 3.1 LAKH CRORES'
- 17-08-2020 : 'THE GOOD :QI GDP WILL BE SIGNIICANTLY BETTER, THE BAD: RAPID COVID SURGE IN RURAL HINTERLAND, THE UGLY: LIVES Vs LIVES DEBATE AT CENTRSTAGE WITH ALL QUARTERS IN FY21 TO WITNESS LARGE GDP DEGROWTH'
- 06-08-2020 : 'TAKING A BOTTOM UP APPROACH TO FINANCIAL STABILITY'
- 04-08-2020 : 'TWO MONTHS AFTER UNLOCK'
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03-08-2020 : 'FINANCIAL MARKET STABILITY & LOAN MORATORIUM : THE ANGEL IS IN THE DETAILS'
July-2020
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31-07-2020 : 'WHY NEGATIVE REAL RATES COULD NOW BE THE NORM'
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22-07-2020 : 'EXTRAORDINARY TIMES REQUIRE EXTRAORDINARY MEASURES - CAPITAL CONSERVATION IS THE KEY'
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16-07-2020 : 'INDIA WITNESSES MERCHANDISE TRADE SURPLUS IN JUNE'
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16-07-2020 : 'WHY NSO ESTIMATES OF CPI IS CLEARLY UNDERSTATED'
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03-07-2020 : 'BALANCE SHEET STRENGTH OF CORPORATES KEY TO SURVIVE THE ECONOMY'
June-2020
May-2020
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27-05-2020 : 'SBI MONTHLY COMPOSITE INDEX RECOVERS TO 30 IN MAY'
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18-05-2020 : 'WILL SUPPLY CREATE ITS OWN GODOT/DEMAND?: OVER TO RBI NOW!
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15-05-2020 : 'PACKAGE FOR POOR : UTTAR PRADESH AND WEST BENGAL ACCOUNT FOR 27 % OF STREET VENDORS'
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08-05-2020 : 'IS IT TIME TO INTRODUCE STANDING DEPOSIT FACILITY BY RBI'
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07-05-2020 : 'HOW CAN COVID BENEFIT INDIA WITH TRADE AND FACTORY DIVERSION FROM CHINA'
April-2020
- 27-04-2020 : 'RBI PACKAGE TO INSTILL CONFIDENCE
- 17-04-2020:'RBI ANNOUNCES MORE MEASURES: RESEMBLANCE TO FED IN PROVIDING SECOND GENERATION SIGNALS'
- 16-04-2020 : 'FY21 GDP AT 1.1% : FY20 DOWNWARDLY REVISED TO 4.1%, BOP SURPLUS AT $67 BN (2.5%) OF GDP) IN FY21 WITH BRENT OIL MOVING DECISIVELY BELOW $20'
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08-04-2020 : 'EXIT STRATEGY AND MINIMUM SIZE OF FISCAL PACKAGE IN COVID ERA'
Last Updated On : Tuesday, 22-04-2025
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
6.50% p.a.
for loan amount up to Rs. 2 lacs
8.65% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs
