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SBI to tap avenues to raise CD ratio in West Bengal

Press Trust of India  |  Kolkata 

The country's leading commercial lender of (SBI) would tap various opportunities to raise the credit-deposit (CD) ratio in which was now as low as 45 per cent, a senior official said.

"The CD ratio of in is 45 per cent without taking the made in state bonds, which is much low than the national average", CGM of (Bengal circle) Partha Pratim Sengupta said.

When asked whether lack of business in the state was responsible for the low credit offtake, Sengupta said "We will try to tap opportunities available to raise credit offtake".

Talking about business performance in the last fiscal of the circle, he told reporters that retail and corporate stood at Rs 1.61 lakh crore while advances were Rs 64,948 crore.

In the last fiscal, key parameters like expense ratio and costs declined while other incomes increased.

To promote affordable housing, the announced lowering of housing loan rates by 25 basis points from 8.60 per cent to 8.35 per cent.

For women, the rate now was 8.35 per cent and 8.40 per cent for others, he said.

He said that the growth in home loan disbursements was the highest in the circle of

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 15:22 IST