Deposits with State Bank of India (SBI) have been growing daily by Rs 1,000 crore on an average in the last 10 days, an executive of the bank said on Wednesday.
“We are getting both fixed and CASA (current account and savings account) deposits,” the official said.
The country’s largest lender has still no plan of cutting its deposit rates, despite the Reserve Bank of India’s signal following reduction in repo rate and cash reserve ratio.