SBI sees 22 pct deposits, loan growth this FY

Despite interest rate increases, home, auto loans have shown no decline

By Agencies | Jun 30, 2008, 06.40 PM IST

NEW DELHI: State Bank of India, the country's largest lender, expects deposits and loans to grow by about 22 per cent in the financial year to end-March despite signs of a slowing economy and interest rate increases, its chairman, O.P. Bhatt, said today.

"There has not been too much of an impact on business growth," Bhatt told reporters. "There is a little reduction in home, auto, and personal loans, but in corporates, infrastructure, and services there is no decline."

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