State bank of Bikaner and Jaipur, is expecting for a business growth of 14-15% this fiscal year. Managing director of the bank reported that bank is hoping for a growth in advances and deposits both.
Bank is planning to increase its branch network by about a tenth. According to data the bank transacted a total business of Rs1,39,208 crore in the year-ended March 31, 2014. Deposits stood at Rs73,875 crore, while advances were ₹65,333 crore. SBBJ clocked a net profit of Rs731.69 crore for fiscal 2013-14, while its NPAs were estimated at 4.18 per cent.
Bank will be establishing 115 new branches. At present bank is having total number of 1148 branches. 10 new branches will be set up in South India. At present, 82 per cent of SBBJ’s branches are located in Rajasthan, while the rest are spread across India.