State Bank of India plans to maintain net interest margins above 3 percent in the coming fiscal year through deposit repricing and faster growth in retail and MSME loans.
The lender expects easing funding costs to support this goal even as slower growth in current account and savings account deposits may force greater use of higher-cost term deposits. Officials at the bank said they will accelerate retail and MSME lending to lift yields and generate additional fee income that can help offset margin pressures.
