April 16, 2013 / 10:17 AM / 4 years ago

State Bank of India FY13 loan growth at 21 pct-chairman

MUMBAI, April 16 (Reuters) - State Bank of India saw a loan growth of 21 percent in the financial year ended March 31, its chairman said on Tuesday, ahead of the annual earnings announcement from India’s largest lender.

A surge in corporate loan demand in February and March helped drive the growth, up from a rise of 16.5 percent during the previous year, Pratip Chaudhuri told reporters.

At 25 percent, auto loan growth showed a dip in demand but was still “robust”, Chaudhuri added. (Reporting by Swati Pandey; Editing by Subhranshu Sahu)

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