Kolkata: The country's largest lender State Bank of India (SBI) might continue with its 8% concessional home loan rate even after September, reports PTI quoting a top official of the bank.
"Eight per cent rates is a viable proposition and there is no reason why it should not continue," managing director of the bank S K Bhattacharya said.
"A decision will be taken at the bank's ALCO meeting next," Mr Bhattacharya told reporters on the sidelines of a Ficci meet here today.
On the proposed rights issue, he said that it was likely to hit the market by the end of the current financial year. Government holding in the bank stood at 59.41%.
Mr Bhattacharya said that by 2013, 20% of the bank's income would come from overseas operations.
He said that the bank was having 70 overseas branches, out of which 20 were in Singapore.
"The response in Singapore is great," he said.
Asked about the credit offtake, he said that it would be good in the coming months.
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