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SBI to maintain status quo on lending rates

State Bank of India (SBI) said that the bank will currently maintain a status quo on the lending rates but it may review it within one month, reports Economic Times.

It also ruled out any rate cut in the home loans.   State Bank of India announced a rise in net profit in consolidated results for the quarter ended Sep. 30, 2008.

During the quarter, the net profit after minority interest for the quarter rose 10.57% to Rs 23,781.90 million from Rs...

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