SBI witnesses 60% rise in deposits as savers seek safe haven

State Bank of India has notched up nearly 60 percent uptick in deposits so far this fiscal, partly due to the flight of savings from ponzi and bogus schemes, many of which went belly up in recent months, its Chairman Pratip Chaudhuri has said.

StanChart Bank warns of further slip in deposit growth

An industry report has said the concerns about the falling deposit growth persist, and if the uptick falls below 16 percent, it is likely to put pressure on bank spreads in a falling rate environment.

SBI targets 25% deposit growth in 2012-13

The country's largest lender State Bank of India Saturday said it is targetting a growth of 25 percent in deposits and 22 percent in advances in the current fiscal.