RBI rate cut effect: SBI gives big relief to borrowers; slashes interest rates by up to 50 bps

The State Bank of India (SBI), country’s largest lender, slashed its lending rates by 50 basis points, bringing much-needed relief to both existing and new borrowers.With this revision, SBI’s repo linked lending rate (RLLR) now stands at 7.75 per cent, while its external benchmark based […]