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Tuesday, April 26, 2011

IndusInd Bank sees FY12 credit growth at 25-30%

Private lender IndusInd Bank expects credit growth of 25-30% in FY12, Managing Director Romesh Sobti told reporters on Monday.

The bank does not rule out a deposit rate cut, going forward, depending upon market conditions, he added.

India's central bank is widely expected to raise key rates by 25 basis points at its policy review on May 3.

Source: Business Standard


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