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SBI saving accounts swell by Rs 1 lakh crore post demonetisation

"Our deposits have exceeded by Rs 1 lakh crore in saving accounts from November 8 till date," said SBI Managing Director Rajnish Kumar

A bank employee applying ink to a customer on exchange of 500 and 1000 rupee currency notes at a SBI branch in New Delhi. (Photo: PTI)

A bank employee applying ink to a customer on exchange of 500 and 1000 rupee currency notes at a SBI branch in New Delhi. (Photo: PTI)

IANS New Delhi

The country's largest public sector lender State Bank of India on Monday said its saving accounts have swelled up by Rs 1 lakh crore after demonetisation.

"Our deposits have exceeded by Rs 1 lakh crore in saving accounts from November 8 till date," SBI Managing Director Rajnish Kumar said on the sidelines of Inclusive Finance India summit here.

"Deposits are not an issue. The agenda for the next 3-4 months is to look at ways to increase our loaning and digitisation of banking operations," Kumar said.

 

 

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First Published: Dec 05 2016 | 2:00 PM IST

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