SBI is looking to buy NBFC loans to fulfill priority sector commitments, Kumar said.
Rajnish Kumar, Chairman of State Bank of India (SBI), spoke to CNBC-TV18 about the lender's loan growth and business plans.
Kumar said that the growth in FY19 will be in-line with industry growth. "SBI's loan growth is at 14 percent versus industry growth rate of 15 percent."
Talking about the NBFCs, Kumar said, “Our preference in the entire requirement for purchase of portfolio arises from the fact that we are still short of our priority sector lending target and through portfolio purchase we want to make up for that.”
“However, if there is good pricing and opportunity, selectively we are open to buying non-priority sectors also,” he added.