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'Don't see serious challenge on deposit front'
The New Indian Express
|August 24, 2024
SBI chief says bank can support loan growth despite lower deposit growth, attributes it to investments in govt sec
STATE Bank of India chairman Dinesh Khara has said even with slowing liabilities addition the bank has been booking stronger asset growth, which means the former is not posing any challenges to the lender as it's able to support the uptick in advances.
Khara said he does not see any serious challenge on the deposit growth front.
The statement comes amid rising concern being expressed by the Reserve Bank and the government over the slowing deposit growth. Governor Shaktikanta Das has four times flagged the issue while finance minister Nirmala Sitharaman met the heads of public sector bank last week and asked them to devise innovative methods to woo depositors back to the bank counters.
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