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This is an archive article published on August 23, 2011

Overseas market unsuitable for fund raising: SBI

SBI will not raise funds overseas in the next month or so because market conditions.

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State Bank of India,the country’s largest lender,will not raise funds overseas in the next month or so because market conditions are unsuitable,the bank’s chairman,Pratip Chaudhuri,said on Tuesday.

Chaudhuri,who was speaking at a banking conference,added that the lender was well-capitalised for the current fiscal year to end-March 2012.

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