Underlining the technological shift, Tewari said SBI is also building a private cloud infrastructure to ensure scalability while maintaining regulatory compliance and data security.
George Alexander Muthoot, managing director, said that in view of the record performance, they are upgrading their FY26 gold loan growth guidance from 15% to 30-35%.
Under the new MoUs, the company plans to establish a 6 GW PV ingot-wafer manufacturing plant, a 2 GW pumped hydro project, a 300 KTPA green ammonia facility, and 5 GW of hybrid projects.
While infrastructure investments and steady consumption remain the key drivers, the agency noted that private sector capital spending continues to lag.
The BSE Sensex settled at 84,478.67, up just 12 points or 0.01 percent, while the NSE Nifty 50 ended at 25,879.15, a marginal gain of 3 points or 0.01 percent.
The previous directive had mandated that both domestic producers and importers secure BIS certification and carry the standard-mark licence before they enter the market.
Optimism over the anticipated resolution of the US government shutdown and growing expectations of interest rate cuts by the Federal Reserve also bolstered the sentiments.
Before this, three major IPOs -- Lenskart Solutions, Studds Accessories and Orkla India -- opened on the bourses below the issue price though their IPOs recorded high booking numbers.
CEO Shaji Varghese said even as gold loans continue to anchor the business, they will be focusing more on scaling MSME financing, digital lending solutions, savings, and protection.
While this will entail substantial capex, the risks associated will be lower as a sizeable augmentation is brownfield and the majority of them will be funded from healthy operating cashflows, said Cri ...
