Demonetisation Effect: SBI Saving Accounts Swell By Rs 1 Lakh Crore

State Bank of India SBI (PUNIT PARANJPE/AFP/Getty Images)

The country's largest public sector lender State Bank of India on Monday said its saving accounts have swelled up by Rs 1 lakh crore after demonetisation.

"Our deposits have exceeded by Rs 1 lakh crore in saving accounts from November 8 till date," SBI Managing Director Rajnish Kumar said on the sidelines of Inclusive Finance India summit here.

"Deposits are not an issue. The agenda for the next 3-4 months is to look at ways to increase our loaning and digitisation of banking operations," Kumar said.


With inputs from IANS.

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