NEWS & ADVICE : FIXED DEPOSITS
SBI might lower its lending rate: Mr. Pratip Chaudhuri
By Neelima Shankar
Nov 8, 2012
Print    Email    RSS   

India's largest lender, State Bank of India (SBI) might lower its lending rates soon. Mr. Pratip Chaudhuri, Chairman of SBI said while in World Economic Forum on India meeting said, "I am not ruling it out. It could happen in the next two-three weeks".

This move is possible as the Reserve Bank of India recently reduced cash reserve ratio by 25 basis points. India's largest commercial bank has a surplus liquidity of Rs 60,000 to 70,000 crore.

No other commercial bank has so far reduced their lending rates after the RBI monetary policy review on October 31.

Mr. Chaudhuri said that the cut in CRR would help to increase the profit for the bank but this would increase the provisioning requirement fro restructured loans.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Manage your FD in a better way
Carnival of Indian Personal Finance Blogs #3
Haven’t filed a return of your income?...
ICICI Bank’s recurring deposit scheme
12 point conduct checklist for bank and...


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive