Friday, July 15, 2011

Profits in first two quarters may be a tad subdued: SBI chief

Mr Pratip Chaudhuri, Chairman, State Bank of India, indicated on Thursday that the bank's profitability during the first and second quarters of the current fiscal could be slightly subdued on account of provisioning towards building a ‘counter-cyclical buffer' as mandated by the Reserve Bank of India (RBI)............

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