मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
SBI Cuts Loan Rates by 50 bps, Deposits by 25 bps
The New Indian Express Mysuru
|June 15, 2025
The country's largest lender, State Bank of India (SBI), has joined its peers in slashing 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 the repo rate by the RBI last week. Most of SBI's peers—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 loan rates for existing and new borrowers to protect their margins. Because these loans are linked to the repo rate (or known as external benchmark-linked loans) and are on floating rates, the repo reduction
यह कहानी The New Indian Express Mysuru के June 15, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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