SBI Lowers Rates On Non-Repo-Linked Loans By 10 Basis Points

Bloomberg Quint | Oct 9, 2019 at 11:46 AM
  • State Bank of India announced a reduction in its marginal cost of fund-based lending rate by 10 basis points across all tenors, effective Oct. 10.
  • This is the sixth time that the country’s largest lender has cut its marginal cost of funds based lending rate in the current financial year.
  • The rate reduction is not applicable to the repo-linked loans.