Enough market liquidity despite 3G spectrum payments: SBI chairman
Updated on May 27, 2010 09:44 pm IST
OP Bhatt, Chairman of State Bank of India said that there is sufficient liquidity in the market despite unexpected cash outflow due to 3G mobile spectrum payments. The auction of high-speed 3G mobile spectrum auction had raised $14.3 billion, which happened to be nearly double what the government had anticipated.
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