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KOLKATA: State Bank of India , the country's biggest lender, plans to pitch to Moody's Investors Services for a ratings upgrade, Chairman Pratip Chaudhuri said.

The bank was downgraded by ratings agency Moody's in October because of its thin capital base and worsening asset quality.

The bank posted better-than-expected net profit for the quarter ended March 31, helped by a drop in provisions for bad loans, earlier on Friday.

Copyright Reuters, 2012

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