Forex Risk Of Sbi Bonds: Why Rbi Cant Say No

State Bank of India chairman G G Vaidya, who had an informal roadshow in the Middle East early this month for the bank's proposed millennium deposit scheme, insists that this time around the foreign currency borrowing programme is entirely at the initiative of the bank unlike the Resurgent India Bonds which was done at the behest of the finance ministry and the Reserve Bank of India.