State Bank of India to cut base rate by 5 bps to 7.45%, reduce PLR

By Administrator_ India

Capital Sands

Ahead of the festive season, the country’s largest lender, State Bank of India (SBI), has decided to cut its base lending rate by 5 basis points (bps) to 7.45 percent, effective September 15.

Also, it has cut its prime lending rate by 5 bps to 12.20 percent. Last week, private lender Kotak Mahindra Bank slashed its home loan rates by 15 bps to 6.5 per cent, one of the lowest rates among the banking industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

UK bans Chinese envoy from House; Beijing slams 'cowardly' move

By Administrator_ India Capital Sands China’s Ambassador to the UK Zheng Zeguang has been barred from the UK Parliament over sanctions imposed on some British MPs for their remarks on alleged human rights violations against Uyghur minorities in Xinjiang, triggering an angry condemnation from the Chinese Embassy here. Zeguang was due to attend a […]

You May Like

Subscribe US Now

Error: Your Requested widget " newsletterwidget-2" is not in the widget list.
  • [do_widget_area fullwidth-homepage-sidebar]
    • [do_widget_area sidebar-1]
      • [do_widget id="search-2"]
      • [do_widget id="recent-posts-2"]
      • [do_widget id="archives-2"]
      • [do_widget id="categories-2"]
    • [do_widget_area widgets_for_shortcodes]
      • [do_widget id="newsletterwidget-2"]
    • [do_widget_area wp_inactive_widgets]