The State Bank of India, aims to up 20-22 per cent in credit and 25 per cent in deposit growth in the current financial year, way above the performance of last year that had seen a mere 15-16 per cent in growth in credit expansion and 18 per cent increase in deposits.
The optimism comes on the back of 50 basis point cut in repo rate this week by the Reserve Bank of India and improved performance expected by the general economy in the year ahead, according to managing director A Krishna Kumar.