New Delhi, Oct. 26 -- State Bank of India (SBI) plans to align its growth strategy with India's economic ambitions, focusing on housing, corporate and micro, small and medium enterprise (MSME) lending, Chairman CS Setty said at the Business Standard BFSI Insight Summit 2026.

Speaking at a fireside chat with Business Standard's Manojit Saha, Setty noted that SBI had a wider responsibility as it mobilises nearly one-fourth of India's household savings.

He highlighted that rising interest rates could moderate credit demand in rate-sensitive sectors, particularly discretionary spending, but borrowing for productive activities was expected to remain strong.

"We are entering a rate hike cycle in a robust growth rate," Setty said, adding that...