NEWS & ADVICE : FIXED DEPOSITS
SBI indicates more than 16% growth in savings account deposits
By Neelima Shankar
Nov 10, 2011
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The largest lender of the country, State Bank of India has indicated that it expects that savings bank deposits would grow beyond 16% for the second quarter of this fiscal, said Chairman of the bank, Mr Pratip Chaudhuri.

He said that the bank expects to reach this target without raising savings bank account rates.

The bank has reported a 12% rise in net profits for the second quarter.

However high levels of non performing assets (NPAs) still continue to be a concern.


 


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