State Bank of India's domestic advances growth rebounds to 5.67% in FY21

State Bank of India (SBI) witnessed a rebound in domestic advances growth to 5.67 per cent in 2020-21, while corporate credit de-grew over 3 per cent, the bank said in its annual report for FY21 on Friday.

SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021.

Deposits grew in double digits, while advances rebounded compared to the preceding fiscal year, it said. Credit off-take of all the scheduled commercial banks (SCBs) continued its downward momentum and grew at a 59-year low of 5.6 per cent, SBI said.

However, SBI's domestic