SBI sees loan demand rising

SBI sees loan demand rising
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First Published: Tue, Oct 27 2009. 02 33 PM IST
Updated: Tue, Oct 27 2009. 02 33 PM IST
Mumbai: State Bank of India, the country’s top lender, expects credit growth to pick up, chairman O.P. Bhatt said on Tuesday.
Indian banks’ loan growth has slowed to an annual 13% from 25% last year as the global financial crisis hurt. But with confidence returning, analysts expects a revival in the second half of the 2009-10 year.
Bhatt did not expect deposit rates to fall further and said the central bank’s decision to not increase the “hold to maturity” cap on investments was not a disappointment
Bhatt was speaking to reporters after the central bank’s policy review.
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First Published: Tue, Oct 27 2009. 02 33 PM IST
More Topics: Credit policy review | SBI | Banks | Loans | Investment |