As on Jul. 20, 2007, the credit paid out by listed commercial banks developed 23.7% (Rs 3,663.49 billion) on a year-on-year basis that is beneath the increase of aggregate deposits of 24.4%.
State Bank of India jumped 2.87% to Rs 1592.75 on reports that it is planning to make a holding company for its mutual funds and life insurance business.
About 11.24 lakh shares of the scrip were traded on the BSE counter. The scrip showed an average daily volume of 5.97 lakh shares within the last three months.