SBI links deposit, loan interest to repo rates; experts believe other PSBs may follow

Name: SBI links deposit, loan interest to repo rates; experts believe other PSBs may follow
Uploaded: 2019-03-11T12:25:23+00:00
Duration: 1 min 6 s
Channel: Moneycontrol
Description: While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI has also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.

Moneycontrol

While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI has also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.

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