SBI says busy season fails to lift credit offtake: report

State Bank of India (SBI) is witnessing a "subdued" credit growth in spite of the ongoing busy season, a senior official said today. "Our credit growth is a bit subdued in spite of the traditional busy season," a senior official of the country's largest lender said here, wishing not to be named. The official, however, said weak credit growth is not because of the high interest rates, but because of the slow pace of growth whi...