From : E-Group, STC, Salt Lake, Kolkata Dear Member, Kindly double click on the enclosed attachment to read it. With regards, Anup Sen, Moderator E-Group, STC, Salt Lake, Kolkata email : stcsaltlake@xxxxxxxx We are receiving emails from our members advising that they are not receiving emails from us. In this regard we like to inform our members that there may be two reasons for non receipt of the emails as under: 1. If mails are returned from your mail box (due to hard bounce) as there is no space in the mail box, our system automatically delete your email from the list. To avoid these, please ensure to download regularly the mails sent by us and keep enough space in the mail-box. 2. Some of the e-mail servers (e.g. yahoo.com, sify.com, rediff.com or hotmail.com etc) may treat our mails as "SPAM" and delete the mails. Some of them put these mails in the "Bulk Folder". If such is the case, please take up the matter with your respective e-mail service provider to sort out the problem. However, if you do not receive our mails please contact us. We shall be glad to receive your feedbacks through emails regarding the mails being sent to you through this e-group. This message is intended only for the use of the Addressee and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, dissemination of this communication is prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and kindly arrange to notify stcsaltlake@xxxxxxxx immediately.Title: State Bank of India, Staff Training Centre, Salt Lake, Kolkata. : : stcsaltlake@xxxxxxxx : :
KOLKATA, JUNE 3: India?s largest commercial bank, State Bank
of India (SBI), will focus on four areas including retail banking to achieve a
growth of 16 per cent during the current financial year. ?We are looking at 16.5 per cent growth in
advances and 15 per cent in deposits in 2004-05 and for this will focus on retail
banking, project uptech, infrastructure and international trade,? SBI chairman
and managing director AK Purwar indicated. He said, in SBI, they were
aggressively identifying those areas which had linkages between input and
output to achieve the target. While making clear that the bank was not
averse to make substantial investment in agriculture, SME and personal banking
of retail division, the CMD informed that they would continue to remain
aggressive in increasing their portfolios in all these areas. Mr Purwar pointed
out that in project uptech, they were planning increased penetration in auto
components, rice mills, brassware, agro pumpsets, fresh water aqua among
others. ?We are planning to set up a separate strategic business unit for
focussed attention to infrastructure projects,? he elaborated. This apart, the bank would focus on
other core sectors for development of economy like telecom, petroleum, oil,
gas, paper and paperboards, hotels et-al for increasing their business, he
indicated. Mr Purwar noted that they expect their international business to
grow significantly during the current fiscal. ?We are expecting our profit from
international business to double from $40 million recorded in 2003-04.? The CMD explained that the bank?s focus
in international trade would be driven by the principle of follow the Indians?
i.e it would try to open branches in each of the places where Indians are
living in large numbers. ?Very soon we are going to open our third branch in
Bangladesh and we are looking to acquire commercial banks in countries like
Thailand, Malaysia, Australia and New Zealand apart from opening branches in
Africa and other Asian countries,? the CMD illustrated. ?In retail, we are greatly focussed in
contract farming where big companies like Hind Lever are involved,? Mr Purwar
said. He further added that in 2003-04, the bank had registered 57.7 per cent
increase in education loan disbursement while housing loan disbursement
increased by 40.3 per cent. ?SBI?s Housing Loan portfolio is now
third largest in the country after ICICI Bank and HDFC,? he averred. Mr Purwar
stated that there was a growth of Rs 4,893 crore in housing loans as on March,
2004 as compared to a growth of Rs 3,973 crore in the previous fiscal. Housing
loans a percentage to retail loans improved to 51.5 per cent as on March, 2004
from 50 per cent as of March, 2003, he said. About car loans, the CMD added that the
bank had registered a growth of 51.7 per cent. ?We are now the largest
financier of Maruti cars in the country and the number of cars financed under a
tie-up programme with Maruti Udyog Ltd grew by 117 per cent from 16,929 as on
March 2003 to 36,786 as on March, 2004.? ?PTI |
