SBI may cut lending rate further: chairman

State Bank of India may cut its prime lending rate further as liquidity is comfortable but expects its bad loans to rise, Chairman O.P Bhatt said.

India's largest lender, State Bank of India may cut its prime lending rate further as liquidity is comfortable but expects its bad loans to rise, Chairman O.P. Bhatt said on Monday.

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He said the bank's non-performing assets may grow but were manageable. "We can deal with it, but we need to be vigilant about it," Bhatt told reporters.