Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
Two mind-sets: one here,  the other there
access_time 2021-01-20T13:57:46+05:30
What is Halal? Market strategies and controversy
access_time 2021-01-19T15:54:19+05:30
Arnabs chats cannot be ignored
access_time 2021-01-18T11:33:12+05:30
Women and girls need to be safe
access_time 2021-01-15T15:08:45+05:30
DEEP READAll arrow_drop_down
exit_to_app
Homechevron_rightBusinesschevron_rightSBI cuts base rate by...

SBI cuts base rate by 40 basis points

text_fields
bookmark_border
SBI cuts base rate by 40 basis points
cancel

Chennai: India's largest mortgage lender State Bank of India (SBI) has decided to cut its base rate by 40 basis points to 9.3 percent, a top bank official said.

SBI chairman Arundhati Bhattacharya told a television channel the bank will reduce its base lending rate by 40 basis points to 9.3 percent.

She said the bank will also reduce its deposit rates by 25 basis points to 9.75 percent.

The rate cut follows the reduction in repo rate by 50 basis points to 6.75 percent by the Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy.

Show Full Article
TAGS:
Next Story