Did the India’s largest lender, State Bank of India (SBI), know that the repo rate hike by the Reserve Bank of India (RBI) was in the offing when it hiked its lending and deposit rates a day ahead of the monetary policy review on Friday? According to some market experts SBI might have gotten the wind of what was coming. Senior bank officials, when contacted, would not respond. An e-mail on this issue sent to SBI remained unanswered............
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