India Inc. will need to overcome risk aversion and start investing if the economy has to pick up, said State Bank of India (SBI) chairman Rajnish Kumar.
Speaking at the Confederation of Indian Industries (CII) Annual Session 2020 on Tuesday, he said banks were flush with funds but corporates are not coming forward to borrow. “Is risk aversion only among lenders?
Is there risk aversion among borrowers also? Are they willing to invest? Are they willing to leverage?" asked Kumar. “As the chairman of the largest bank, I’m saying I have the money, but there are no takers." Brushing off criticism that banks have been parking ₹7 trillion with the Reserve Bank of India (RBI), Kumar clarified that there was no correlation between this and risk