Business | Edited by Sandeep Singh (with inputs from Reuters) | Saturday March 28, 2020
State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) announced a reduction of the same magnitude in the repo rate. Repo rate is the key interest rate at which the regulator lends short-term funds to commercial banks such as SBI. In a statement late on Friday, the co...
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