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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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