SBI lowers select deposit, lending rates

SBI has reduced interest rates on specific deposits and lending benchmarks following a 25 basis points repo rate cut. The bank adjusted deposit rates to maintain its net interest margin, with changes affecting 444-day deposits and those between two to three years. This move occurs as bank credit growth outpaces deposit expansion.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bSkjH7A