SBI passes on entire benefit, cuts lending rate by 75 bps

State Bank of India (SBI) has passed on the entire cut in interest rates by the RBI to its borrowers by bringing down its external benchmark-linked lending rate as well as the repo-linked lending rate by 75 basis points (100bps = 1 percentage point) from April 1.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/39qItsD