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Saturday, June 14, 2008

SBI in no hurry to raise rates

State Bank of India Chairman OP Bhatt on Friday said that the bank is not in a hurry to raise the prime lending rates, in the wake of the Reserve Bank of India increasing the repo rates.

Speaking exclusively , Bhatt said that the central bank is likely to maintain its hawkish stance on interest rates to cool prices.

Bhatt said that the bank has a comfortable liquidity position and the recent rise in deposit rates was meant to help maintain liquidity.
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