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Challa Setty

Chairman, State Bank of India

Search every verified Challa Setty interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Challa Sreenivasulu Setty, Chairman of the State Bank of India (SBI), has been active in public discussions on monetary policy, banking sector performance, and the role of technology in finance. In an October 2026 interview with CNBC-TV18 following a Reserve Bank of India (RBI) rate hike, Setty said that the next two to three quarters would likely be beneficial for bank margins due to the repricing of EBLR loans, and he did not foresee significant increases in deposit rates given available liquidity. He also expressed confidence that asset quality would hold up across the banking system, noting that while there could be seasonal variations in agricultural credit, he saw no major risks to retail portfolios. On deposit rates, he stated that they are not only demand-driven but also serve as compensation to customers, and that inflationary expectations would be a key factor in future decisions. Setty has also spoken extensively about artificial intelligence in banking. At the Global Fintech Fest in September 2026, he described agentic AI as a tool that could "democratize financial intelligence" by extending personalized financial assistance to hundreds of millions of customers. He emphasized the need for affordable AI computing models for India's scale and argued that trust must be embedded in autonomous systems, noting that errors could amplify at machine speed. At the FIBAC 2026 conference, he said the next wave of AI banking should reach rural India and small businesses, and stressed the importance of explainability and human accountability in consequential decisions. Additionally, in an August 2026 interview with PTI, Setty discussed SBI's "Vision 2030," projecting that the bank's total business could reach 200 lakh crore by 2030, and outlined goals to maintain a CET1 ratio of 12% and reduce cost-to-income ratios. He also addressed the influx of FCNR(B) deposits, stating that the surplus liquidity would be consumed in four to five months and would support credit deployment.

Recent appearances

Verified interview transcripts

Notable quotes

“So we have good amount of liquidity left in the system. I think again I just would like to quote what I've been telling in your show that the deposit rates are not only the demand driven rates, they're also adequate compensation to the customers. I think we need to look at again I'm coming back to my issue of inflation if it is inflationary expectations are higher depositors expect that that at least the real interes”

“So the rate hike alone may not impact the credit growth, but if inflation crosses 6% and I think that most of the time the credit decisions or investment decisions by the individuals particularly are taken based on what is inflation rate and inflationary expectations. So more than the what is the end state of in the next two three quarters on the repo rate we should be watchful of on the inflation. And inflation rema”

“The primary requirement from investors is ease of doing business. Today I can confidently say that while at the central government level investors are comfortable in dealing with many of the departments, many of the entities because the certainty of the policies is there, but most of the investors feel uncomfortable where land approvals are delayed. Even approvals are given and physical land holding is not handed ove”

“If you're looking at Viksit Bharat, India's economy target size by 2047 at $30 trillion, there is a projected capital expenditure of about 150 lakh crores, and this is on the basis of annual capital expenditure moving from current 20 lakh crore to 30 lakh crores. These numbers could be slightly divergent from each other but broadly the picture emerges that our requirement is about 150 lakh crores. If you take only th”

“This is a surplus liquidity which has come in one short time. Of course there is a window within a window everybody has to mobilize this deposits but I believe that this liquidity gets consumed in four to 5 months. So this temporary liquidity RBI is trying to absorb temporarily and so one good thing is that this liquidity of almost 6 to 7 lakh is a sustainable liquidity right it's not it's a 5year liquidity what we h”

“When a system can act autonomously, an error can potentially trigger a sequence of actions across multiple systems and affect customers, counterparties, and institutions at machine speed. The same capability that gives AI its enormous power can therefore amplify the consequences of a mistake. This is why I believe trust cannot be added but should be embedded in our agentic AI models.”

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