The Hindu Business Line : SBI may raise more tier-II capital

State Bank of India may raise another Rs 1,000 crore to Rs 2,000 crore as tier-II capital during the current fiscal to fund business growth, its Chairman, Mr O.P. Bhatt, has said.

Speaking to presspersons on the sidelines of the Finance Minister's meeting with the PSB chiefs' here on Monday, Mr Bhatt also said that credit growth for the bank stood at 25 per cent during the current year. He expressed confidence that this rate would be sustained.

Mr Bhatt also said that deposits were growing at 17 per cent and felt that there was scope for some improvements.

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