SBI Trims Base Rate

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rashigupta
Posts: 25
Joined: Wed Jan 02, 2013 11:46 pm

SBI Trims Base Rate

Post by rashigupta » Thu Jan 31, 2013 1:03 am

Central Bank of India, RBI declare quarter monitory policy on 29 Jan in which RBI cut CRR and Policy rate by 25 Basis points after coming this policy SBI come with new policy. In which SBI trims base rate by 5 bps to 9.70%, it will be effective on 4th Feb. Customers of SBI are happy because this decision will make loans cheaper.

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