The Hindu Business Line : SBI deposits up

STATE Bank of India's deposits grew by 9.34 per cent to Rs 3,37,684 crore as on September 30, from Rs 3,08,849 crore in the corresponding period the previous year.

Excluding Resurgent India Bonds (RIB) and India Millennium Deposits (IMD), domestic deposits recorded a growth of 17.50 per cent, said a press release. Cost of deposits, excluding RIB and IMD, declined to 4.80% in first half of the current fiscal (5.76%). Net interest income (NII) of the bank went up by 24.20 per cent to Rs 6,333.89 cr (Rs 5,099.71cr).

The net interest margin of the bank was at 3.15 per cent for the first half of the current fiscal. Non-interest income declined during this period, mainly due to fall in profit on sale of investments to Rs 617.87 cr(Rs 2,328.24 cr).

Retail advances grew by Rs 4,832 cr. The outstanding personal segment advances aggregate to Rs 37,983 cr at the end of September. During H1, housing advances grew by Rs 3,525 cr and the total outstanding at the end of September was Rs 20,607 cr. Retail advances constitute 23.86 % of domestic gross advances.

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