By Admin 
SBI Lowers Interest Rate: SBI has given great relief to its customer amid the RBI’s initiative to improve the threat of tariff and the economy. The bank has reduced the policy repo rate by 0.25 percent to make the loan given to customers cheaper. After this new deduction, the borrowing rate connected to the SBI repo rate has been reduced by 0.25 percent after 8.25 percent.
SBI has reduced the external standard based borrowing rate i.e. EBLR by 0.25 percent, after which it has been reduced to 8.65 percent. Revised new rates will be effective from April 15.
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