SBI passes on complete repo charge within the reduce rate of to debtors

SBI passes on complete repo charge within the reduce rate of to debtors

MUMBAI: Hours after the Reserve Bank of India reduced the repo rate by 75 basis points, the country’s largest lender State Bank of India on Friday said it would pass on the entire cut to its customers, effective April 1. The lender also reduced interest rates on retail and bulk deposits between 20 bps and…

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SBI passes on entire 75 bps repo rate minimize assist to borrowers

SBI passes on entire 75 bps repo rate minimize assist to borrowers

After the rate cut, SBI’s EBR and RLLR have come down by 75 bps with effect from April 1 The country’s largest lender State Bank of India (SBI) on March 27 slashed its external benchmark linked lending rate (EBR) as well as repo linked lending rate (RLLR) by 75 bps.The new rates, to be effective…

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US Senate passes historical $2 trillion invoice to stimulate US economy

US Senate passes historical $2 trillion invoice to stimulate US economy

The US Senate has approved a historic $2 trillion bill to stimulate the sagging US economy.This is also the largest-ever rescue package in the nation’s history and provides a lifeline to suffering Americans, depleted hospitals and an economy ravaged by the rapid spread of the novel coronavirus, or COVID-19 outbreak.After weeks of negotiations, the deal…

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