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Other banks at risk after SBI downgrade

  • 16:29
  • Published On: October 04, 2011
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Jagannathan Thunuguntla of SMC Global says D+ rating for SBI is not good for the confidence of markets. SBI is a large bank and its capital base is huge so if it cannot sustain this kind of pressure, it would be disastrous for smaller banks, he added.
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