With a good growth in its home loans portfolio, the bank expects an above 20 per cent growth in this segment as well, State Bank's chairman, O P Bhatt said.
"We expect a 22 per cent loan growth this fiscal. There is a good demand for home loans and it (home loans) is expected to grow at above 20 per cent," Bhatt said.
However, the lender is not looking to hike its lending rates, except in the two-wheeler segment, where it may revise its rates after assessing the market position, Bhatt said.
"My sense is that the lending rates are already at peak levels and should not go up. We may revise our two-wheeler loans as the transaction costs are high," Bhatt said, adding a cut in deposit rates was unlikely in the near future.
Asked whether the bank would consider a revision in its BPLR, Bhatt said the bank would wait till the Reserve Bank's April 29 monetary policy before taking any decision in this regard.
Bhatt's comments came after its nearest competitor, ICICI Bank, effected an up to 0.75 per cent hike in its auto loan rates some time back.