HomeNewsBusinessCompaniesSBI stops teaser rates, sees provision of Rs 580cr in Q4

SBI stops teaser rates, sees provision of Rs 580cr in Q4

SBI's managing director Krishna Kumar says teaser schemes are withdrawn due to the heavy provisioning that is required. He sees shift to floating interest rates improving the NIMs of the bank.

April 21, 2011 / 22:55 IST
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first published: Apr 21, 2011 09:14 am

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