Business | Posted on Feb 02, 2009 at 02:08pm IST

PSU, SBI to cut interest rates

The country's top public sector lender, State Bank of India, today said it is considering further reduction in lending rates. "There is thinking (on these lines)," SBI Chairman O P Bhatt said when asked if there is a possibility of reducing the benchmark prime lending rate (PLR) by the bank.

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