SBI passes RBI rate cut benefit to borrowers, reduces lending rate by 25 bps

State Bank of India and Indian Overseas Bank have reduced lending rates by 25 basis points, mirroring the RBI's policy rate cut. This move makes loans cheaper for existing and new borrowers, impacting EMIs for retail, MSME, and corporate clients. MCLR and Base Rate have also been lowered.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TEACQY4
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