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SBI to pitch to Moody's for upgrade

SBI expects growth of 16-18% in credit demand in FY13

Reuters  |  Kolkata 

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State Bank of India, the country's biggest lender, plans to pitch to Investors Services for a ratings upgrade, Chairman Pratip Chaudhuri said

The bank was downgraded by ratings agency Moody's in October because of its thin capital base and worsening asset quality.

The bank posted better-than-expected net profit for the quarter ended March 31, helped by a drop in provisions for bad loans, earlier on Friday.

State Bank of India, the country's top lender, expects a growth of 16% to 18% in in the fiscal year that started on April 1, its chairman said on Friday.

The state-run bank does not see a sharp deterioration in its asset quality, Pratip Chaudhuri told reporters, after it posted better-than-expected net profit for the quarter ended March 31, helped by a drop in provisions for bad loans.

SBI to pitch to Moody's for upgrade

SBI expects growth of 16-18% in credit demand in FY13

The bank was downgraded by ratings agency Moody's in October because of its thin capital base and worsening asset quality.

State Bank of India, the country's biggest lender, plans to pitch to Investors Services for a ratings upgrade, Chairman Pratip Chaudhuri said

The bank was downgraded by ratings agency Moody's in October because of its thin capital base and worsening asset quality.

The bank posted better-than-expected net profit for the quarter ended March 31, helped by a drop in provisions for bad loans, earlier on Friday.

State Bank of India, the country's top lender, expects a growth of 16% to 18% in in the fiscal year that started on April 1, its chairman said on Friday.

The state-run bank does not see a sharp deterioration in its asset quality, Pratip Chaudhuri told reporters, after it posted better-than-expected net profit for the quarter ended March 31, helped by a drop in provisions for bad loans.

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