``SBI launches first homegrown economic indicator`` Mumbai, Dec 9 The country now has another monthly economic index, with the State Bank today launching a tool that will primarily track manufacturing activity to offer a forward-looking economic trends. The SBI Composite Index rivals the existing data point from British lender HSBC. The SBI index has been developed on the basis of the banks internal loan portfolio, which mirrors the credit demand in the country, and other data sets available in public domain.
Posted on: Wed, 10 Dec 2014 06:16:18 +0000
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