State Bank Of India Cuts Fixed Deposit, Loan Interest Rates After RBI Move: 10 Points

In a press release, SBI said it passed on the entire benefit of the RBI rate cut to its borrowers availing loans linked to external benchmark- and repo-linked lending rates. From April 1, SBI said its external benchmark-linked lending rate will be reduced to 7.05 per cent from 7.80 per cent, and repo rate-linked lending rate to 6.65 per cent from 7.40 per cent. Consequently, SBI said giving an example, its EMIs against eligible h...