SBI 'consistently' passed on RBI's rate cut to borrowers

Country's largest lender SBI today said it has consistently passed on RBI's rate cuts to borrowers and would further reduce the lending rate in the near term, benefiting auto and home loan seekers. 

 

State Bank of India (SBI) Chairperson Arundhati Bhattacharya has said that out of the 1.75 per cent rate cut by the RBI since January 2015, it has already passed on up to 0.95 per cent to the borrowers. 

 

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