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Cut interest rates to stimulate demand in car, home loans segment: SBI

PUBLISHED ON: September 7, 2012 | Duration: 6 min, 29 sec

   
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In an interview with NDTV, Pratip Chaudhuri, chairman of SBI, says that the bank cut its deposit rate to moderate the growth in deposits. He also highlighted that retail loan rates were cut in order to stimulate demand, particularly in the car and home loans segment.
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