In light of gross NPAs of PSU banks having risen from Rs 71,080 crore to Rs 1.55 lakh crore as on December 2012, Chidambaram further said he has asked banks to review their lending rates. In response , SBI chairman Pratip Chaudhri said that Chidamabaram's guidance to cut base rate did not apply to the bank.
first published: Jul 3, 2013 04:22 pm
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