SBI expects deposit growth of 25% in 2013-14

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SBI expects deposit growth of 25% in 2013-14
State Bank of India is projecting a growth of 25 per cent in deposits during the current fiscal compared to 14.85 per cent in 2012-13.

Speaking on the sidelines of the 5th ICC banking summit here this weekend, Pratip Singh, SBI Chairman said, "We are seeing a very good growth in deposits. We are looking at 25 per cent growth in deposits in the current fiscal. We have not yet decided on credit growth."

According to Singh, deposits are gaining favour among investors in the backdrop of chit fund scam in West Bengal and troubles in some district co-operative banks in Maharashtra.

Read more about: state bank of india
Story first published: Monday, May 20, 2013, 9:30 [IST]
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