Last Updated: Wednesday, November 06, 2013, 20:04
Days after RBI hiked policy rate, country's largest lender State Bank of India (SBI) on Wednesday raised its lending rate by 0.20 percent to 10 percent, a move that is likely to be followed by other banks.
Last Updated: Monday, August 12, 2013, 22:18
SBI Chairman Pratip Chaudhuri Monday said the bank's reliance on sticky savings and long-tenor fixed deposits makes it comfortable to hold on to lending rates, which are the lowest in the system.
Last Updated: Thursday, August 08, 2013, 17:48
In what may come as a relief to borrowers, State Bank of India (SBI) Thursday said it is not considering an increase in lending rates even though some private lenders have resorted to that step.
Last Updated: Tuesday, July 16, 2013, 20:19
Country's largest bank SBI on Tuesday ruled out increasing its lending rates following the Reserve Bank's move to hike short-term borrowing costs as part of a slew of steps to support the falling rupee.
Last Updated: Wednesday, July 03, 2013, 19:05
The country's largest lender, State Bank of India (SBI), Wednesday ruled out the possibility of cutting its minimum lending rate or base rate, saying it was the lowest in the market.
Last Updated: Monday, May 06, 2013, 19:34
State Bank of India (SBI) Monday ruled out any immediate cut in lending rates even as the Reserve Bank had reduced policy rate by 0.25 percent earlier this week.
Last Updated: Wednesday, November 07, 2012, 22:16
SBI last reduced the base rate or the minimum lending rate in September this year. The base rate of SBI is presently pegged at 9.75 percent.
Last Updated: Thursday, November 01, 2012, 21:45
State Bank of India (SBI) has ruled out any cut in its lending rates due to steep hike in the provisioning for restructured standard assets, a senior bank official said here Thursday.
Last Updated: Monday, September 24, 2012, 20:10
The bank had slashed its base rate by 0.25 percent to 9.75 percent last Tuesday in a bid to transmit the benefit of the 0.25 percent reduction in the cash reserve ratio by the Reserve Bank of India (RBI).
Last Updated: Monday, September 17, 2012, 21:16
Within hours of RBI cutting the cash reserve ratio by 0.25 percent, State Bank of India (SBI) said it will decide on reducing lending rates in a day or two for the benefits of borrowers.
Last Updated: Thursday, June 21, 2012, 00:47
Within days of the Reserve Bank massively increasing the export refinancing limits of banks, State Bank of India Wednesday said it will soon bring down interest rates on loans to exporters.
Last Updated: Friday, June 15, 2012, 17:03
Interest rate on home and retail loans will remain unchanged, the banking leader said, adding they are low and competitive.
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