New Delhi, Aug 04: State Bank of India is planning a roadshow in September to woo investors of Resurgent India Bonds to put their money in a special deposit scheme, which is now being examined by the Reserve Bank of India. "We hope to come up with fixed and floating rate deposit scheme in mid August or September subject to RBI's approval," a senior SBI official said on Monday.

The bank is now watching the movements in London inter-bank offer rate (Libor) and plans to peg the rate of return on its special deposit scheme later this month or next month, he said.
SBI hopes to get RBI nod for its special deposit scheme within a week or two.

The country's largest commercial bank was expecting the regulator's nod for its special scheme last month but it was asked to modify the scheme after RBI capped the interest rate on Non-Resident (External) Rupee deposits of 1-3 years at 2.5 per cent above Libor.
SBI had pinned hopes to retain about $2 billion (or 35 per cent of the total proceeds) from RIB, when it comes for maturity on October 1, 2003. Bureau Report