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LENDING & CREDIT | Cesar Tordesillas, India

State Bank of India sees loan growth revival

The State Bank of India is seeing early signs of a revival in loan growth.

India's largest lender, cut its base rate, the minimum interest rate at which it lends, by 25 basis points to 9.75 percent last month, after India's central bank cut the cash reserve ratio by 25 basis points to 4.5 percent.

A Krishna Kumar, Managing Director, national banking group, said that there was limited scope for further reduction in the bank's interest rates.

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