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Money & Banking - Financial Institutions
Srei hikes rate by 150 bps

Our Bureau

Kolkata, April 2

Srei Infrastructure Finance has increased its benchmark rate by 150 basis points to 13 per cent. A press release issued by the company has quoted Mr Hemant Kanoria, Vice-Chairman and Managing Director, referring to the rising interest rate scenario in the country. According to him, the increase in the benchmark rate is not likely to affect the momentum of growth, which is visible from the growing disbursement volumes.

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