| The SBI chief said that the bank had an internal committee in place to help it gear up for implementing the New Basel Capital Accord. |
| The bank had, in 1988, set up a similar committee for implementing the Basel Capital Accord I. |
| "SBI is a bank with an international outlook. We have branches/ representative offices/ offshore banking units at 49 locations overseas. Hence, we are preparing ourselves for Basel II," he said on the sidelines of a Federation of Indian Chambers of Commerce of Industry seminar on Indian Banking. |
| The bank's deposits and advances grew by 14 per cent and 12 per cent, respectively, in the current financial year so far as against the corresponding period last year. |
| SBI's retail lending portfolio notched up a 40 per cent growth and the growth in corporate advances was "very good" so far. |
| Purwar pointed out that corporates had become savvy and were raising resources directly from the market. Hence, they no longer depend on banks only to meet their funds requirements. |
| The SBI chief said that the bank's global balance sheet size, in dollar terms, had grown well on the back of expanded overseas operations. |
| "Our international presence helps us cover both legs (overseas and domestic) of transactions," he said referring to SBI's balance sheet size. |
| The economy, according to Purwar, was showing positive signs of growth and the soft interest rate bias of the central bank is expected to continue. |
| "We are seeing scaling up of capacities in the power and a few other sectors. This should fuel demand for credit in the second half of the financial year," he said. |
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