Good news for sbi Customers..!? Cheaper loan rates..!?

After the Reserve Bank's action, sbi has reduced its lending rates by 25 basis points. This will reduce the burden of loans a little. Happy news for bank customers who have taken a loan or are thinking of taking a loan is that the Reserve bank has further reduced the interest rate on loans given to banks by 25 paise. This has been reduced from the current 6.25% to 6%, said Reserve bank Governor Sanjay Malkatra. Following the Reserve Bank's announcement, the country's largest bank, bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india (SBI), has reduced its lending interest rate by 25 basis points. This will reduce the interest on loans for existing borrowers and new borrowers. sbi bank has announced in a message shared on its social media, "The revised interest rates will be effective from april 15, 2025." Following the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI)'s cut in the repo rate, sbi has decided to reduce interest rates on various loans, which has caused some relief for bank customers.
At the same time, those who have invested in the bank's fixed deposit scheme have been shocked. Due to this, the bank has reduced interest rates on deposits by 10-25 basis points. This is also effective from april 15. bank of india has announced a 25 basis point cut in home loan interest rates, benefiting both new and existing customers. bank of india has cut interest rates on select retail loans including home loans, auto loans, personal loans, loans against property, education loans, and Star Reverse Mortgage Loans by 25 basis points, the bank said. Private sector lender hdfc bank has cut interest rates on savings accounts by 25 basis points to 2.75 percent, which is much lower than other private sector banks.
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Sowmiya Sriram

15/04/2025 04:24 PM