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SBI cuts benchmark lending rate by 90 bps
Updated : 8 years, 9 months ago IST
New Delhi [India], Jan 1 (ANI): The State Bank of India (SBI) after experiencing a surge in deposits on Sunday announced a rate cut in lending rates by 90 basis points for maturities ranging from overnight to three-year tenure.
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50 BPS point cut in Repo Rate would have given boost to flagging industria
Updated : 8 years, 9 months ago IST
New Delhi [India], Dec.7 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday expressed its disappointment over the Reserve Bank of India's decision not to make a change in the Repo Rate.
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Reserve Bank cuts repo rate by 25 bps to 6.25 percent
Updated : 8 years, 9 months ago IST
New Delhi [India], Oct 4 (ANI): The Reserve Bank of India (RBI) on Tuesday announced a rate of by 25 basis points to 6.25 percent, as a newly set up panel felt that inflation levels were low enough to reduce loan rates.
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