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18% loan growth possible in FY10: SBI

18% loan growth possible in FY10: SBI
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First Published: Fri, Jan 08 2010. 03 47 PM IST
Updated: Fri, Jan 08 2010. 03 47 PM IST
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.
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First Published: Fri, Jan 08 2010. 03 47 PM IST
More Topics: Banking | SBI | Loans | Deposits | Interest margin |