State Bank of
SBI indicated that in the second quarter the cost of deposits was at the lowest level in the last 12 months. But it started inching up towards the end of the quarter. Bulk deposit rates too have gone up. About 60 per cent of SBI's loan book (by value) is now linked to the base rate.
The bank's benchmark prime lending rate is 12.25, which it has raised in August. On credit growth, according to SBI the banking system is unlikely to reach the RBI projected growth of 20 per cent in FY2011. It may be around 18-19 per cent. The bank plans to raise Rs 20,000 crore through the rights route by the end of the fiscal year.
crackcrackCompany Name | CMP |
---|---|
SBI | 820.95 |
Bank Of Baroda | 246.50 |
Canara Bank | 101.10 |
PNB | 101.40 |
Union Bank Of India | 119.20 |
View more.. |