Last Updated : Jan 28 2013 | 2:26 AM IST
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| No formal announcement was made, but it was no secret that Sobti was moving to Development Credit Bank (DCB), a domestic private bank, as managing director.
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| Barely a week before he formally took over as head of DCB, ABN Amro managed to woo him back by giving him bigger responsibilities and making him head of consumer and mid-market banking for Asia Pacific.
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| Last week, he hit the front pages again, this time by announcing the lowest-ever rate for home loans. A one-time promotional offer, ABN Amro has pegged the rate at 6 per cent for the first year and 6.5 per cent for the second year.
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| This is irrespective of the tenure and size of the loan. Other players are hawking home loans at rates between 7.75 and 9 per cent.
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For Sobti, 53, this marks another eye-catching initiative for his bank
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Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of
www.business-standard.com or the Business Standard newspaper
First Published: Oct 27 2003 | 12:00 AM IST
