India's largest lender is not into (does not sale) exotic derivative products. The derivatives transaction have underlying and is sold only to its clients. They are likely to book losses between Rs 600-700 crore in 2007-08, State Bank of India chairman O P Bhatt said today.
Nobody has taken SBI to court nor threatened to do on charges of loss incurred on derivative transactions, he said while addressing Federation of India Chambers of Commerce and Industrie
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