Country’s largest lender, State Bank of India (SBI) is aiming to attain a 15-20% growth in deposits this fiscal, which is higher than RBI's deposit growth projection of 14% for the entire banking system this fiscal. The bank has achieved 14.85% increase in deposits 2012-13.
During 2012-13, the entity has witnessed slow down in deposit growth on the back of absence of a level playing field with mutual funds. SBI's 'advances portfolio' grew at 21% in 2012-13. The average loan growth seen in the whole banking system was at 14% during the period.
