State Bank of India (SBI) comfortable with net interest margin: Pratip Chaudhuri
State Bank of India (SBI) is comfortable with its Net Interest Margin (NIM), according to its Chairman Pratip Chaudhuri.
Speaking to newspersons on the sidelines of a technology awards function at IDRBT in Hyderabad on Friday, he said that the net interest margin for the full year could be around 3.6 per cent.
Credit and deposit growth would be 20 per cent and 16 per cent, respectively, he added. New corporate lending has not picked up. “But we are refinancing our old corporate clintele,’’ the SBI chief said.
On the asset quality, Chaudhuri said it would depend on the economic environment.