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SBI Cuts Interest Rates by 50 bps
Mint Kolkata
|June 17, 2025
India's biggest lender, State Bank of India (SBI), has reduced its lending rate by 50 basis points following the Reserve Bank of India's (RBI's) policy rate cut, making loans cheaper for both existing and new borrowers.
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With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 50 basis points to 7.75%.
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