A few banks refuse to join the rate race (rediff.com)

Story date: 2007-12-27 10:54:05
Added on: 2007-12-28 10:53:53

At the start of April, State Bank of India (SBI) and ICICI Bank, the country's two largest banks, reviewed the situation. They felt the resource-raising madness was over and that interest rates on bulk deposits would drop automatically with credit growth expected to temper between June and September.


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