SBI has not announced the linking of lending rates of longer-term loans for businesses and retail customers of home loans, personal loans, auto loans, etc. to make these true floating rates
With the reduction in statutory liquidity ratio and open market operation bond purchases, RBI is pushing liquidity into the system
One of the factors that led to the rate cut was huge deposit mobilisation after demonetisation
Bankers said rates are expected to reduce by up to 50 bps over the next few months
Awaits RBI's monetary policy in October