Thursday, July 18, 2013

Banks that depend on bulk deposits to be hit

..........India's largest lender, State Bank of India (SBI), feels that these measures do not warrant any change in the lending rates, since they are designed by RBI to curb speculation in the market and are not seen as indicative of any systemic problem or deeper malaise. In a statement on Tuesday, the bank stated that it expects the position in the market to stabilise shortly..............

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