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State Bank of India to cut base rate by 5 bps to 7.45%, also reduce PLR

Also, it has cut its prime lending rate by 5 bps to 12.20 per cent

Topics
sbi | Banking Industry | Lending Rates

BS Reporter 

SBI
State Bank of India

Ahead of the festive season, the country’s largest lender, State Bank of India (SBI), has decided to cut its base lending rate by 5 basis points (bps) to 7.45 per cent, effective September 15.

Also, it has cut its prime lending rate by 5 bps to 12.20 per cent. Last week, private lender Kotak Mahindra Bank slashed its home loan rates by 15 bps to 6.5 per cent, one of the lowest rates among the

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First Published: Wed, September 15 2021. 01:02 IST
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