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SBI sees early signs of loan growth revival

Source : REUTERS
Last Updated: Tue, Oct 09, 2012 07:23 hrs
People walk in front of signboard displayed at head office of State Bank of India in Mumbai

The State Bank of India is seeing early signs of a revival in loan growth, A. Krishna Kumar, Managing Director, national banking group, said on Tuesday, adding that there was limited scope for further reduction in the bank's interest rates.

SBI, India's largest lender, cut its base rate, the minimum interest rate at which it lends, by 25 basis points to 9.75 percent last month, after RBI cut the cash reserve ratio by 25 basis points to 4.5 percent.


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