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Our Bureau

New Delhi, June 30 State Bank of India hopes to maintain net interest margin at three per cent this fiscal. Its Chairman, Mr O.P. Bhatt, however, noted the bank would be required to set aside at least Rs 1000 crore towards depreciation in treasury portfolio on account of increase in interest rates.

Meanwhile, SBI said all the 6,500 branches of SBI dealing in agriculture finance have completed the process of displaying the lists of beneficiaries at their branches and the benefits accruing to 25 lakh farmers, aggregating about Rs 7,000 crore, on account of this scheme is being passed on to them.

On Monday, Mr Bhatt visited Dasna branch in the rural belt of Ghaziabad, to hand over certificates of debt waiver, in-principle fresh sanction letters and the letter addressed by the Prime Minister of India to beneficiary farmers.

The SBI Chairman said that consequent to the debt waiver/relief scheme, all beneficiary farmers have now become eligible for fresh financing under various agricultural schemes and the bank branches have been geared up to extend credit facility to the farmers.

More Stories on : Farm credit | State Bank of India

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SBI list of loan waiver beneficiaries completed

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