State Bank of India reduced interest rates!
Posted on: 03/Jun/2015 6:28:37 PM - No. of views : (2891)
India�s largest public sector bank with most branches, State Bank of India, has reduced interest rates by 0.15%.
Earlier, Reserve Bank of India had reduced the short-term lending interest rates by 0.25%.
RBI�s announcement was released yesterday (Tuesday, 2nd June). SBI�s announcement was released in the veneing.
State Bank of India�s recued interest rates will be effective from 8th June.
State Bank of India announcement is that the reduced rates for interest will be @9.7%.
SBI�s Managing Director informed this during an interview with a private television channel.
Further, Allahabad Bank has also announced a reduction in the interest rates by 0.30%.
Punjab & Sind Bank has reduced interest rates by 0.15%.
This will be with immediate effect.
