SBBJ aims to touch R1.5 lakh crore busi­ness by ’13-end

Hindustan Times (Patna) - - FRONT PAGE - Press Trust of In­dia

MUM­BAI: State Bank of Bikaner and Jaipur, anas­so­ci­ate of the SBI, is tar­get­ing over 20 per cent jump in its over­all size in the next 12 months, and hop­ing to touch R1,50,000 crore mark on bal­ance-sheet by De­cem­ber 2013, a top of­fi­cial said.

“Our bal­ance sheet was at R 1,23,000 crore as of De­cem­ber 31, 2012, and we are aim­ing to take it to R1,50,000 crore by the end of 2013 De­cem­ber," State Bank of Bikaner and Jaipur (SBBJ) Man­ag­ing Di­rec­tor Shiva Ku­mar told PTI over phone.

The Jaipur-head­quar­tered bank, one of the four as­so­ciate banks yet to be merged with the par­ent State Bank of In­dia, will end the fis­cal 201213 with a bal­ance sheet of Rs 1,30,000 crore, on ac­count of loan pick-up and de­posit mo­bil­i­sa­tions in the last quar­ter. "The first two quar­ters were not so good on credit growth and we ended up hav­ing more de­posit growth than credit growth.

But the things have been im­prov­ing in the last (third) quar­ter on­wards," he said.

The in­crease has taken bank's ad­vances growth to 16.5 per cent as of De­cem­ber 31, on par with the de­posit growth, Ku­mar said, sound­ing con­fi­dent that the bank will meet its tar­geted 17 per cent ad­vances growth for the fis­cal.

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