Margin over market: SBI retracts teaser rates to up profit

Manish Karwa of Kotak Institutional Equities says that SBI's move away from teaser rates is in line with the shift of focus in the bank’s strategy. “The strategy for SBI over the next 2-3 years is to not focus much on the market share but on margins,” he says.

April 21, 2011 / 12:45 IST
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State Bank of India has withdrawn its teaser home loan rates effective from May 1. The bank has shifted gears to move into a fixed format. Also, with effect from April 25, the country's largest bank will increase both its benchmark prime lending rate and its base rate.


Manish Karwa, associate director and senior analyst with Kotak Institutional Equities, in an exclusive interview with CNBC-TV18 says that the move by India
first published: Apr 21, 2011 11:56 am

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