SBI keen on core sector

SBI would also make best efforts to accommodate the power ministry8217;s suggestion, he said responding to Power Minister Rangarajan Kumaramangalam8217;s plea for allocating funds from the 4.2 billion dollars collected through RIB to augment India8217;s forex reserves after the Pokharan tests. SBI had already given Rs 100 crore to Power Finance Corporation from RIB proceeds whereas PFC had asked for Rs 1000 crore.

quot;Not all money collected through RIB is with SBI and about Rs 6000 crore is lying with banks who were partners in RIB bond drive. A part of it has been parked abroad,quot; he said.

Asked whether SBI would effect any changes on itsinterest rate structure in the immediate future, he said, quot;This is not an opportune time to change the interest rate structure as signs of recovery were evident.quot; The banking system had enough liquidity to cater to increased fund requirement, he added.