SBI Chief Expects Deposit Rates To Go Down Soon
  • WebDesk BTVI
  • Aug 08 2019

Rajnish Kumar, chairman of State Bank of India (SBI), said There Is always a time lag between RBI rate cut and lending rates transmission. He said SBI has cut rates inline with RBI's rate cut. Kumar said bank has no choice but to reduce the interest rates on deposits. Talking on Jet Airways resolution, Kumar said if no bidder comes forward the airline will go to liquidation. Here's more.