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SBI cuts home loan rates

PUBLISHED ON: October 10, 2007 | Duration: 2 min, 05 sec

   
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Some good news for those looking at buying a house or a car, India's largest bank SBI has finally given up its wait and watch policy and decided to cut retail loan rates to ring in the festive season. After holding rate cut for months, the country's largest bank has cut retail loan rates by up to one per cent for the festival season as a desperate attempt to boost dropping demand.
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