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SBI steeply slashes deposit rates; lowers lending rates marginally

SBI steeply slashes deposit rates; lowers lending rates marginally

HighlightsThis is the seventh consecutive cut in lending rates by the bank this fiscalWith this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent, SBI said(Representative image)MUMBAI: The country's largest lender State Bank of India (SBI) on Friday reduced its marginal cost of…
SBI’s home, auto loans to become cheaper with lower lending rates – Times of India

SBI’s home, auto loans to become cheaper with lower lending rates – Times of...

HighlightsThis is the fourth consecutive reduction in lending rates by the SBI in financial year 2019-20SBI offers repo-linked home loan products which means that any changes in key interest rate by the RBI are passed on directly to the customers(Representative image) NEW DELHI: The country's largest lender State Bank of India (SBI) on Wednesday announced…

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