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IOB hints 50bps base rate hike, sees 3% margin in H1 FY12

Chairman of Indian Overseas Bank M Narendra hints towards a 50 bps rise in the base rate. He also says, “On a conservative basis, we are aiming to maintain 3% plus margins in the first half of FY12.” Narendra further says that the bank expects a credit growth rate of a minimum of 25%.

first published: May 4, 2011 04:20 pm

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