Seven top guns from the financial sector look back at the financial year that was and look forward to the new fiscal
A K Purwar
Chairman, SBI
LOOKING BACK: The State Bank has posted good credit and deposit growth during the year. Deposit growth could be around 10.5 per cent and credit growth over 10 per cent. Non-food credit grew substantially on the back of retail loans and infrastructure loans.
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The quality of assets has improved greatly and net non-performing assets (NPAs) are expected to come down by over one percentage point. This is possible because of aggressive recovery drive, compromise settlements, upgradation of assets and write-offs.
During the year, the bank