SBI cuts savings deposit rate to 3.5%, lowest in 6 years; bank may rake in Rs 2500 cr; rate war looms – Firstpost

Firstpost

SBI cuts savings deposit rate to 3.5%, lowest in 6 years; bank may rake in Rs 2500 cr; rate war looms
Firstpost
Mumbai: The nation’s largest lender State Bank of India (SBI) on Monday slashed interest rate on savings deposits by 50 bps to 3.5 percent on balance up to Rs 1 crore, citing “muted credit demand and very high real interest rates”. The new rate

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