New Delhi, Aug. 7 -- State Bank of India Chairman, Challa Sreenivasulu Setty, said that the bank expects its deposit growth to record an uptake in the second quarter of the current financial year on the back of FCNR(B) deposits, while maintaining a full-year deposit growth target of 10-11 per cent.

Speaking at the post-quarterly result press conference on Friday, Setty stated that the country's largest lender possesses sufficient balance sheet liquidity to support its planned credit expansion without funding bottlenecks.

"Deposit growth, I think there would be some uptake because of the FCNR(B) in Q2, but overall we should be in the double-digit 10 to 11 per cent deposit growth," Setty said.

Outlining the credit trajectory for the curr...