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Kolkata, Dec. 28 The Bengal Circle of State Bank of India, covering West Bengal, Sikkim and Andaman & Nicobar Islands, aims to achieve 30 per cent growth in advances and 25 per cent growth in deposits in 2008-09, said the circle’s Chief General Manager, Mr Jayanta Kumar Sinha, here.

The bank has set a target of an incremental growth of Rs 4,800 crore in advances and Rs 14,000 crore in deposits this year. “We have already grown our deposits by Rs 7,000 crore and advances by Rs 1,500 crore till November this year and we are hopeful of achieving our targets by the year end,” Mr Sinha said while speaking at a press conference here on Saturday.

The last four months of the current financial year will be very crucial for the bank, he said.

“We usually see the demand pick up in the last three-four months of the financial year. On the advances front, engineering industry, leather, transport and tourism are some of the key sectors for the bank,” he said.

More Stories on : Public Sector Banks | State Bank of India | West Bengal

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