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Sbi Scheme To Retain Rib Funds

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Anindita Dey BUSINESS STANDARD

Three-year special deposit planned

The State Bank of India is coming out with a special deposit scheme to enable investors in the Resurgent India Bonds (RIBs) to reinvest the redemption amount. The $4.2 billion RIB bonds are due for redemption in August.

According to banking sources, the State Bank

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First Published: Jul 03 2003 | 12:00 AM IST

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