Profit

Banks likely to cut base rates: SBI

PUBLISHED ON: January 29, 2013 | Duration: 9 min, 41 sec

  
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SBI and other banks are likely to cut base rates following the RBI's actions, says Krishna Kumar, MD and group executive of national banking at SBI. He adds that rates may come down by up to 100bps or 1 per cent over the next fiscal year.
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