NEWS & ADVICE : FIXED DEPOSITS
Credit growth to rise 16-18% in FY13: SBI
By Neelima Shankar
Oct 15, 2012
Print    Email    RSS   

India's largest lender, State Bank of India (SBI) said that despite of the credit slowdown, the bank is expecting credit growth of 16-18% in the current financial year.

SBI's Deputy Managing Director, S B Nayar said, "There is demand slowdown...We expect a credit growth of 16-18 per cent for 2012-13."

Mr. Nayar talking about corporate loans said that there are certain sectors like consumer goods, ports and cement are doing well in terms of credit growth. But few sectors like road and power need to check on their credit growth.

In the second quarter, credit growth of the banks stood at 0.1 to 16.4 per cent, according to Reserve Bank of India.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Tax saver fixed deposits in India earn you...
Complete guide to TDS on fixed deposits in...
Manage your FD in a better way
Plan your tax, don’t evade it
Some Quick Facts about Wealth Tax in India!


MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive