Profit

MCLR Will Go Down, Says SBI's MD

PUBLISHED ON: December 7, 2016 | Duration: 10 min, 37 sec

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In an interaction with NDTV Profit, managing director of State Bank of India, Rajnish Kumar says that despite RBI keeping the policy rates unchanged his bank is in a position to reduce MCLR. He also said that the CASA ratio for the bank has gone up for the time being and his bank will pass on the benefits of reduced cost of deposits to customers.
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