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Wednesday, February 1, 2012

SBI May Cut Interest Rate To Boost Credit

The country’s largest lender State Bank of India (SBI) is “keen” to cut interest rates in order to boost credit expansion, a top bank official said today.

“All sentiment is building towards it (an interest rate cut)...we are keen to do it,” the bank’s chief financial officer (CFO) Diwakar Gupta told reporters on the sidelines of an International Research Conference organised by the RBI.

From: http://ping.fm/B5NWZ

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