State Bank of Bikaner & Japiur trims bulk deposits to 10%

State Bank of Bikaner & Japiur (SBBJ), which is offering up to 0.25 per cent discount to online loan applications, has said it has become the first public sector lender to bring down the bulk deposits level to 10 per cent. “As of November, our bulk deposits stood at 10 per cent, a level that is much below what the government desired. This was 16.6 per cent a year ago and 14.46 per cent at the end of the September quarter,” SBBJ managing director Shiva Kumar said. Read more