Moneycontrol PRO

budget

No govt pressure to cut rates, ALCO to take a call: SBI

Speaking to CNBC-TV18, P Pradeep Kumar, MD, SBI said the decision to cut base rates or not will be taken by asset liability management committee (ALCO). He said SBI has already lowered deposit rates.

first published: Mar 4, 2015 11:20 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347