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Bankers worried over liquidity issues

PUBLISHED ON: November 6, 2008 | Duration: 2 min, 10 sec

   
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The country's largest lender State Bank of India along with a number of other banks on Thursday finally gave in to pressure from the government to cut interest rates. Bankers are trying to send a message that they are doing their bit to try and help the economy through a coordinated reduction in rates. Even though banks have given in to the demand for rate cuts they are still remain uncomfortable with the liquidity situation.
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