Money & Banking

Comfortable with SBI’s net interest margin: Chairman

Our Bureau Hyderabad | Updated on March 12, 2018 Published on August 02, 2013

Governor of Reserve Bank of India D. Subbarao before presenting the Best Technology User and Innovation Award to Chairman of SBI Pratip Chaudhuri at the Institute for Development and Research in Banking Technology ( IDRBT) in Hyderabad on Friday .- Photo: P.V Sivakumar

State Bank of India is comfortable with its net interest margin, according to its Chairman Pratip Chaudhuri.

Speaking to newspersons on the sidelines of a technology awards function at the Institute of Development and Research in Banking Technology (IDRBT) here on Friday, he said that the net interest margin for the full year could be around 3.6 per cent.

Credit and deposit growth would be 20 per cent and 16 per cent, respectively, he added.

New corporate lending has not picked up. “But we are refinancing our old corporate clientele,” the SBI chief said. On asset quality, Chaudhuri said it would depend on the economic environment.

>naga.gunturi@thehindu.co.in

Published on August 02, 2013
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