State Bank of India (SBI), country’s largest public sector lender is expecting a net profit of up to Rs 15,000 crore in the financial year 2012-13 against Rs 11,700 crore in 2011-12.
The bank’s advances were Rs 30,375 crore and priority sector advances 54%, well beyond the benchmark of 40% while, the cash-deposit ratio of SBI, which had 695 branches in Odisha, was at a healthy 70% with deposit at Rs 42,989 crore.
Meanwhile, the bank had so far achieved credit linkages of 2.66 lakh SHGs aggregating Rs 1750 crore, more than 80% of the linkages of other banks in the state.
