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Saturday, April 7, 2012

SBI To Look At Rate Cuts

The country’s largest lender State Bank of India (SBI) today said it will consider reducing lending rates after the announcement of the Reserve Bank’s annual credit policy on April 17.

“Of course, we will look into reducing the interest rate in the future, but it will depend on the magnitude of the CRR cut (by the RBI),” SBI Managing Director and Group Executive (national banking) A Krishna Kumar said at the 6th International Banking and Finance Conference here.

From: http://ping.fm/q2mHr

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