Mumbai: State Bank of India may be taking the higher road as it joins the scramble for customer funds without resorting to a rate war, but its outlook signals an extended industry struggle for deposit growth. India’s largest bank on Friday tempered its guidance on deposit growth to 10-11% from 12-13% for 2024-25 as customers might have now found more …
Challa Sreenivasulu Setty on Wednesday assumed charge as Chairman of the country’s largest lender State Bank of India. Prior to becoming chairman, Setty was the senior-most managing director of the bank. Setty, who also headed various task forces/committees formed by the Government of India, had earlier looked after the bank’s retail and digital banking portfolio. Setty has held key assignments …
