Country's largest lender State Bank of India (SBI) is expecting to achieve a credit growth of 12 per cent to 14 per cent this fiscal, its Chairman Rajnish Kumar said here on Sunday.
The bank's credit growth was 14 per cent in the last fiscal, he said.
"Given the size of the bank's balance sheet, a growth between 12 per cent to 14 per cent is satisfying," Kumar said.
He was in the city to attend the multi-level consultation programme of the branch managers of SBI in the region.
The lender's loan portfolio stands at around Rs 23 lakh crore, he said adding the bank has sufficient liquidity to deploy.
"There is a need for demand of corporate credit", Kumar said.
The bank's retail credit of total advances is 57 per cent while the corporate lending accounts for the rest, he said adding the ratio is "not going to change in a significant way".
Expressing concern of NPAs arising out of the agriculture credit, Kumar said, "There is a need to tackle farm credit. High NPAs in agriculture is an issue, though it is not by intent but by capability."
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