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SBI Cuts Loan Rates by 50 bps, Deposits by 25 bps
The New Indian Express Tirunelveli
|June 15, 2025
THE country's largest lender, State Bank of India (SBI), has joined its peers slashing the lending rates by 50 bps (both for existing repo-linked loans and new borrowers) and the pricing on the special deposit scheme by 25 bps, effective June 15.
The move follows the unconventional 50 bps cut in repo rate by the RBI last week. Most of the peers of SBI such as the second-largest state-run lender Bank of Baroda, third-largest Punjab National Bank, Bank of India, Indian Bank, Union Bank, and Uco Bank, among others, had slashed the loan rates for existing borrowers and for new borrowers as they are protecting their margins.
This story is from the June 15, 2025 edition of The New Indian Express Tirunelveli.
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