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Rate hike will not lead to rising loan defaulters: SBI

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  • Published On: May 10, 2011
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SBI has raised lending rates by 0.75 percentage points, making all types of loans, including housing and auto, costlier for both new and existing borrowers. Diwakar Gupta, MD of State Bank of India, says he don't expect any major default or stress on its portfolio because of the rate hike.
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