SBI Unfazed by RBI Mis-selling Curbs, Eyes M&A Financing Deals

• SBI Chairman CS Setty states RBI's mis-selling rules won't impact fee income, as the bank doesn't compulsorily bundle products.
• SBI is assembling a specialized team for M&A financing, including members from corporate banking, SBI Caps, and Investec.
• Setty highlights the narrowing valuation gap between SBI and private banks, with SBI's Q3 loan growth surpassing top private and PSU banks.
• SBI's credit cost is down to 29 bps in Q3, outperforming leading private banks, and aims for over 15% ROE and 1% ROA.
• The bank is preparing for RBI's 'expected credit loss rules' by April 2027, strengthening collection mechanisms and improving asset quality.