Mumbai: Loan growth at State Bank of India, the country’s largest lender, could reach 18% in the current financial year to end-March, its chairman said on Friday.
“We will definitely cross 16% as per our estimate. It is also possible to touch 18%,” O.P. Bhatt told reporters at a news conference ahead of a banking conclave organised by the bank from Monday.
State Bank, which along with its associates controls almost a quarter of Indian bank loans and deposits, expects to maintain interest margins in the December quarter, Bhatt said.
He added that treasury gains are wearing off.