SBI Reduces Interest Rates by Up to 50 bps

The country's biggest lender, State Bank of India (SBI), has reduced its lending rate by 50 basis points following the Reserve Bank's policy rate cut, making loans cheaper for both existing and new borrowers.

- PTI

With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 50 basis points to 7.75 per cent.