Mr. H.V.R. Iengar, Chairman of the State Bank of India, has claimed that fears that intervention of the State by nationalisation of the Imperial Bank would distort its role in the field of commercial banking had proved unjustified. Owing to those apprehensions, Mr. Iengar told the second annual meting of the State Bank in Bombay on February 28, the volume of deposits had decreased immediately after the announcement of nationalisation. "There has been no interference whatever by the State in the day-to-day operations of the bank. Our deposits have been steadily rising."