RBI rate cut effect: SBI gives big relief to borrowers; slashes interest rates by up to 50 bps
Monday, 16 June 2025
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 amounts up to Rs 3 crore were also decreased by 25 basis points across various maturities.
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