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SBI Forecasts 15% deposit growth, RBI rate cut expected in Q3FY25
The Business Guardian
|April 03, 2024
The State Bank of India (SBI) has unveiled expectations of substantial growth in both deposits and credit for the fiscal year 2025.
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SBI forecasted deposits to grow at a rate of 14.5 per cent-15 per cent and credit to expand between 16.0 per cent-16.5 per cent in FY25, anticipating a surge in economic activity, in a report released on Tuesday.
RBI's Monetary Policy Committee (MPC) meeting is scheduled from April 3-April 5.
This outlook comes amidst a backdrop of sustained momentum in credit growth, particularly across agriculture, MSME, and services sectors, as revealed by the latest credit growth numbers.
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