Core Insights - The State Bank of India (SBI) anticipates a revival in corporate credit demand, expecting double-digit growth in the upcoming two quarters due to improved economic activity [1][2] - SBI has a robust pipeline of approximately ₹7 lakh crore in loan sanctions, which includes unutilized working capital limits and term loans currently under disbursement [1][2] - The bank's Chairman indicated that the corporate credit segment has shown a turnaround with a growth of 7.1% in Q2 [2] Corporate Credit Growth - Corporate credit demand is expected to grow in the lower double digits over the next two quarters, supported by a strong pipeline [2][3] - Working capital utilization is increasing as economic activity improves, contributing to stronger credit demand [2] Loan Disbursement and Capital Adequacy - Term loans that are already approved are being drawn, and ongoing project discussions will create a replacement pipeline for future credit [3] - SBI aims to maintain a capital adequacy ratio (CRAR) of 15% over the next 5-6 years without needing additional equity capital [3][4] Fundraising Activities - SBI raised ₹25,000 crore through a qualified institutional placement (QIP) in July, marking the largest QIP in Indian capital markets [7] - The bank plans to raise an additional ₹12,500 crore through Tier II bonds this year to replace maturing papers [7] Net Interest Margin and Monetary Policy - SBI is confident in achieving a net interest margin of 3%, even if the Reserve Bank of India (RBI) cuts the repo rate by 0.25% [8] - The upcoming RBI Monetary Policy Committee meeting is expected to result in a shallow rate cut, which may not significantly impact margins [9][10]