SBI to cut lending rate by 50 bps

Reuters

Posted: Thursday, Jun 25, 2009 at 0949 hrs IST
Updated: Thursday, Jun 25, 2009 at 0949 hrs IST


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Mumbai: State Bank of India, the country's biggest bank, said on Wednesday it will cut its benchmark prime lending rate by 50 basis points to 11.75 per cent per annum from June 29.

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