The State Bank of India (SBI), the largest public sector lender, targets a total business of Rs 10,500 crore during the current fiscal. The deposits are targeted to be Rs 7,800 crore and the advances Rs 2,700 crore.
The deposits are projected to grow by 31.5 per cent and advances by 21 per cent during 2009-10 compared to last year. The bank achieved a total business of Rs 8,980 crore in Orissa during 2008-09.
SBI wants to open 70 branches in the state during 2009-10, for which it has obtained license from the Reserve Bank of India. This will take its total number of branches of the bank in the state to 655.
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