State Bank Of India

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SBI expects 18-19% credit growth in FY12

Date: 30-11-2011

State Bank of India (SBI), the country's top lender, expects demand for loans to rise 18-19% in the current fiscal to March, despite a series of interest rate increases by the central bank. The state-run bank has submitted a few options to the Indian government for raising funds. SBI needs to raise Rs 8,000 crore before March to maintain Tier-I capital adequacy.