Savings accounts of over Rs 1 lakh will be linked to repo rate: SBI Chairman Rajnish Kumar

Updated:6 years, 7 months ago

Mumbai, Mar 09 (ANI): While talking to the media, SBI Chairman Rajnish Kumar on Saturday said, “Savings accounts of over one lakh and above will be linked to the repo rate and all the working capital loan are theoretically are payable on demand, these loans will be continued to be linked with the Marginal Cost of funds based Lending rate (MCLR)”. He also said there will be no specific relief to any account.

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