CHAIRMAN SBI

  • SBI contemplating further cut in lending rates: Bhatt February 2, 2009

    New Delhi: 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...
  • SBI cuts lending rate, plans to raise funds November 6, 2008

    Mumbai: State Bank of India (SBI), India's biggest lender, is cutting its main lending rate by 75 basis points and will raise $1$2 billion this year to help tide over tight liquidity conditions, its chairman O P Bhatt said on Thursday. O P Bhatt said a lack of liquidity was a...