Tag: Sbi Interest Rates

Mumbai/Bhubaneswar: State Bank of India (SBI), India’s largest lender, is introducing some changes from May 1 which will definitely benefit its customers. As the State-owned bank has linked loan and deposit rates to the repo rate of the Reserve Bank of India, customers will be able to get loans at cheaper rates from May 1, […]

New Delhi: SBI Chairman Rajnish Kumar on Saturday said that banks cannot lower interest rates beyond a threshold due to asset-liability mismatch issues. “We can’t lower the interest rates without lowering the interest rate for depositors and there is a threshold below which we cannot reduce the interest rate for deposits,” he said at the […]