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Lowering deposit mobilisation due to slowdown: SBI

Country's largest lender State Bank of India is pulling strings to reduce fund cost. It is slashing retail term deposits rates by 50-100 basis points across tenures. Calling it part of rate rationalisation, SBI Chairman Pratip Chaudhuri says that lowering deposit mobilization is due to slowdown.

first published: Sep 5, 2012 01:20 pm

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