State Bank of India expects 16-18% credit growth in FY13

State Bank of India expects 16-18% credit growth in Financial Year 2012-13

The deputy managing director of State Bank of India (SBI)  mr S B Nayar said despite a slowdown in credit offtake, the bank expected loan growth of 16-18 per cent this financial year.

In the second quarter, credit growth of banks stood at 0.1-16.4 per cent, according to the Reserve Bank of India.

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