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| BS Jury | 28-OCT-09 |
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| By reinstating the SLR requirement to the pre-crisis levels of 25 per cent, even as the banking system is still sitting on surplus holdings of more than 27 per cent, the Reserve Bank if India governor has signalled that sooner or later the policy of monetary easing will have to be withdrawn. However, when that will be done will be a matter of judgement based on the needs of the economy. |
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| No MTM losses so far in Q2, says Bhatt | 09-SEP-09 |
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| The country’s largest lender, State Bank of India (SBI), today said there was no marked-to-market (MTM) losses from its treasury operations till date in the current quarter. |
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| SBI to hire 11,000 this fiscal | 21-AUG-09 |
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| State Bank of India, the country’s largest lender, plans to hire 11,000 people in the current financial year as it expands operations. |
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| SBI rates to remain stable: Bhatt | 20-AUG-09 |
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| Interest rates are likely to go down or remain stable in the next three-six months, according to OP Bhatt, chairman of State Bank of India, the country’s largest lender. |
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| Not ripe yet | 23-JUN-09 |
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| The current global crisis, and its impact on private sector Indian banks, has made State Bank of India chief OP Bhatt a happy man. So, at the bank’s AGM, he decided to have some fun at rival ICICI Bank’s expense and said it was an ‘unfit’ candidate for acquisition. He said, tongue firmly in cheek, that his bank had no plans to acquire ICICI Bank as it was not advisable to take over the country’s largest private sector bank in its present state. |
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| Softening bias in interest rates: SBI | 30-MAY-09 |
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| State Bank of India on Friday said there was a softening bias in interest rates in the light of inflation staying below 1 per cent for a certain length of time. “There is definitely a softening bias (in interest rates). It is not going to increase,” said SBI Chairman OP Bhatt. |
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| BS JURY | 22-APR-09 |
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| There is no doubt that deft and timely policy measures taken by RBI have cushioned the economy from the ongoing global financial turmoil. Today’s 25 bps cut in rates is in line with its policy to support growth. |
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| PAN not needed for small SIPs, says Bhatt | 16-APR-09 |
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| SBI Mutual Fund, which today launched a systematic investment plan (SIP) with a minimum monthly contribution of Rs 100, has approached the government seeking a relaxation in the know-your-customer (KYC) norms. |
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