SBI cuts
lending rates by 0.75%
The new lending and deposit rates are effective from
April 1, 2020 and March 28, 2020, respectively
State Bank of India (SBI) on March 27, 2020
said it will pass on the entire o.75% ( 75 basis points - bps) cut in the repo rate to its borrowers availing
loans linked to External Benchmark linked lending rate (EBR) as well as Repo
Linked Lending rate (RLLR).
SBI’s Home Loan, car loan, personal loans etc lending rates reduced.
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