Epic Update : SBI

SBI, country’s largest public sector lender is expecting a net profit of up to Rs 15,000 crore in the financial year 2012-13 against Rs 11,700 crore in 2011-12. The bank’s advances were Rs 30,375 crore and priority sector advances 54%, well beyond the benchmark of 40% while, the cash-deposit ratio of SBI, which had 695 branches in Odisha, was at a healthy 70% with deposit at Rs 42,989 crore.

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