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SBI schemes to be followed by rest banking units

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Following the harsh realty and economic situation of the country SBI has earlier proclaimed an 8 percent scheme for the buyers to encourage the liquidity in the economy. Now the other banks are also planning to go with the same norms of the SBI only after the going through its feedbacks of at least three weeks as per the source of www.propertykhazana.com.
T S Narayanswamy – Chairman of IBA has recently revealed that “it was an appreciated step by the SBI and we are keen interested on the scheme only after getting the feedbacks of the market research by our expert team”. Narayanswamy also holds the head position in Bank of India. Source of www.propertykhazana.com also reveals that being one of leading brand in current and saving account deposit ratio it will be no harm for the SBI to provide lending rates with 8 percent as these funds are the cheapest source of funds of a bank and high deposit of CASA will enable the bank effectively to carry on these norms. Most importantly it also provides the bank to uphold a higher net interest margin.
SBI has around 39.72 percent of CASA deposit at their banks and few others in the top range are Punjab National Bank, Dena Bank, Bank of Maharashtra and United Bank of India. This entire name has secured above 40 percent in CASA as per the source of www.propertykhazana.com.
Source: NBTVLIVE

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