Business Standard

Sbi, Bank Of India Going Slow On Plr Cut

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BUSINESS STANDARD

State Bank of India (SBI) and Bank of India may not cut their prime lending rates (PLR) in the short run. While SBI finds itself in a peculiar situation after the restructuring of the cash reserve ratio (CRR) formula for non-resident Indian (NRI) deposits, the Bank of India believes a cut in its prime lending rates won

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First Published: Oct 31 2001 | 12:00 AM IST

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