Bond market has over-reacted to increase in fiscal deficit target: SBI

In an interview with CNBC-TV18, Rajnish Kumar, Chairman of State Bank of India (SBI) gave his take on Arun Jaitley's Union Budget, his outlook on the road ahead as well as what is happening with the 10-year yield.

I think the bond market is overreacted, he said.

According to him, the stability of income for the farmers is a must.

For full interview, watch accompanying video...