SBI not in a hurry to raise rates now: Chairman

SBI not in a hurry to raise rates now: Chairman

Mumbai: State Bank of India (SBI), the country’s top lender, is not in a hurry to raise interest rates now, its chairman Pratip Chaudhuri said on Tuesday.

Earlier in the day, the Reserve Bank of India raised interest rates for the 13th time since early 2010 to battle stubbornly high inflation but signalled it may end the tightening cycle that has put it at odds with peers more concerned about weak global growth.

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