💨 Abstract

State Bank of India, India's largest lender by assets, has revised down its deposit growth forecast to 10%-11%, citing intense competition among banks. Loan growth has been robust since April 2022, driven by consumer spending, but deposit growth has lagged. The bank's net interest margin has decreased due to rising interest rates and slow loan growth, but chairman CS Setty expects lending margins to stabilize.

Courtesy: theprint.in

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