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State Bank of India sees loan demand rising
Last Updated: 2009-10-27 15:19:15
State Bank of India, the country's top lender, expects credit growth to pick up, chairman O.P. Bhatt said on Tuesday.
Indian banks' loan growth has slowed to an annual 13 percent from 25 percent last year as the global financial crisis hurt. But with confidence returning, analysts expects a revival in the second half of the 2009/10 year.
Bhatt did not expect deposit rates to fall further and said the central bank's decision to not increase the "hold to maturity" cap on investments was not a disappointment
Bhatt was speaking to reporters after the central bank's policy review.
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