State Bank India cuts SB rate to lowest, FDs' by 25 base points
Sunday, 15 June 2025 () State Bank of India has reduced interest rates on deposits. The bank lowered retail term deposit rates by 25 basis points. Savings account rates also decreased to 2.5 percent. This decision follows the Reserve Bank of India's repo rate cut. Other banks like HDFC Bank and ICICI Bank have also reduced fixed deposit rates.
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India's central bank cuts interest rates more than expected, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighs on the country's outlook. The Reserve Bank..
State Bank of India reduced its lending rates by 50 basis points, effective June 15, 2025, lowering RLLR to 7.75% and EBLR to 8.15%. Fixed deposit rates for... IndiaTimes
Sunday, 15 June 2025 ()
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