The Hindu : SBI to decide on PLR soon

Online edition of India's National Newspaper
Tuesday, November 13, 2001

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Business \| Previous \| Next SBI to decide on PLR soon NEW DELHI, NOV. 12. The Chairman of State Bank of India, Mr. Janaki Ballabh, said today the bank would decide on the revision of its prime lending rates (PLR) within a few days in the wake of the Bank Rate cut by the Reserve Bank of India. ``We will take a decision within a few days," Mr. Ballabh said here after a meeting with the Finance Minister but declined to comment whether the bank would reduce rates on deposits and credit. SBI and other banks have not yet reduced lending rates after RBI's 0.5 per cent rate cut to 6.5 per cent in the busy season credit policy. - PTI Send this article to Friends by E-Mail
Section : Business Previous : Tatas, BSES show interest Next : SKF's rights offer opens today
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Copyright © 2001 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu

Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Miscellaneous \| Magazine New \| Metro Plus New \| Open Page New \| Education New \| Book Review New \| Business New \| SciTech New \| Entertainment New \| Classifieds \| Employment \| Obituary \| Index \| Home

Business \| Previous \| Next SBI to decide on PLR soon NEW DELHI, NOV. 12. The Chairman of State Bank of India, Mr. Janaki Ballabh, said today the bank would decide on the revision of its prime lending rates (PLR) within a few days in the wake of the Bank Rate cut by the Reserve Bank of India. ``We will take a decision within a few days," Mr. Ballabh said here after a meeting with the Finance Minister but declined to comment whether the bank would reduce rates on deposits and credit. SBI and other banks have not yet reduced lending rates after RBI's 0.5 per cent rate cut to 6.5 per cent in the busy season credit policy. - PTI Send this article to Friends by E-Mail
Section : Business Previous : Tatas, BSES show interest Next : SKF's rights offer opens today
Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Miscellaneous \| Magazine New \| Metro Plus New \| Open Page New \| Education New \| Book Review New \| Business New \| SciTech New \| Entertainment New \| Classifieds \| Employment \| Obituary \| Index \| Home
Copyright © 2001 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu