SBI lowers select deposit, lending rates
SBI has reduced interest rates on specific deposits and lending benchmarks following a 25 basis points repo rate cut. The bank adjusted deposit rates to maintain its net interest margin, with changes affecting 444-day deposits and those between two to three years. This move occurs as bank credit growth outpaces deposit expansion.
SBI has reduced interest rates on specific deposits and lending benchmarks following a 25 basis points repo rate cut. The bank adjusted deposit rates to maintain its net interest margin, with changes affecting 444-day deposits and those between two to three years. This move occurs as bank credit growth outpaces deposit expansion. What's Your Reaction?
