SBI passes on RBI rate cut benefit to borrowers, reduces interest rate by 25 bps https://www.taxtmi.com/news?id=40829 Major commercial banks adjusted retail pricing following a central bank rate cut: the largest lender reduced its Repo Linked Lending Rate and External Benchmark Based Lending Rate, lowered deposit rates across multiple tenors, and amended special-tenor and senior-citizen deposit offerings; other banks cut savings rates, withdrew a high-yield special deposit scheme, and reduced home-loan and selected retail loan rates linked to borrower credit profiles. en-us Mon, 14 Apr 2025 18:31:04 +0530 Mon, 14 Apr 2025 18:31:04 +0530 TaxTMI RSS Generator SBI passes on RBI rate cut benefit to borrowers, reduces interest rate by 25 bps https://www.taxtmi.com/news?id=40829 Major commercial banks adjusted retail pricing following a central bank rate cut: the largest lender reduced its Repo Linked Lending Rate and External Benchmark Based Lending Rate, lowered deposit rates across multiple tenors, and amended special-tenor and senior-citizen deposit offerings; other banks cut savings rates, withdrew a high-yield special deposit scheme, and reduced home-loan and selected retail loan rates linked to borrower credit profiles. News - Mon, 14 Apr 2025 18:31:04 +0530 https://www.taxtmi.com/news?id=40829