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Wednesday, May 26, 2010

SBI raises Rs 5 bn via CDs: Sources

State Bank of India, the country's largest lender, raised Rs 5 billion through issuance of a three-month certificate of deposit at 5.40 percent, three sources with direct knowledge told on Wednesday.

"The money was raised to give it to one of the subsidiaries, which is not a bank, due to some mismatches," one source said.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 04
04:30 S&P Global Services PMI 2 50.6 50.5 50.5
04:30 Ai Group Manufacturing PMI 1 -23.5 -26.5
04:30 AiG Industry Index 2 -12.3 -15.0
07:00 Gross Domestic Product (YoY) 2 1.3% 1.5% 1.3%
07:00 Gross Domestic Product (QoQ) 3 0.2% 0.4% 0.6%
14:00 S&P Global Composite PMI 1 49.4 49.4
14:00 S&P Global Services PMI 1 50.2 50.2
16:30 MBA Mortgage Applications 1 -1.2%
17:45 ADP Employment Change 3 115K 62K
18:00 Labor Productivity (QoQ) 1 0.4% 0.6%
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