Business | NDTV Correspondent | Saturday November 26, 2011
Downplaying Moody's decision to downgrade rating of State Bank of India, a senior Finance Ministry official said the government will not fast-track recapitalisation of the PSU bank.
"There is no need to panic. We are working on it (recapitalisation). The process will not be fast-tracked because of Moody's downgrade," the official said.
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