SBI may bring down credit growth to 18%: Bhatt

SBI may bring down credit growth to 18%: Bhatt

“I think we will do that (revising and bringing down the loan growth from earlier estimated 20 per cent). I have been saying it is difficult to achieve that. but if it picks up after Diwali otherwise we may have to revise,”  SBI Chairman O P Bhatt told PTI.

It would be 18 per cent from 20 per cent for the current fiscal, he said. On an annual basis, he said, the credit growth of SBI has been 19 per cent in 2010-11. As per the RBI data, the total outstanding credit of the banking system has gone up just 5.6 per cent to Rs 34,22,291 crore since the beginning of this financial year.

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