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State Bank of India cuts interest rates on savings accounts, fixed deposits
October 9, 2019 | By The Times of India
business
This is a U-turn from the banks stance in August, where it had stated that it will keep interest rates on savings account unchanged.
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The country’s largest lender, State Bank of India (SBI), has been on an interest rate cutting spree Wednesday morning. In good news to borrowers, the lender cut interest rates on MCLR linked loans by 10 basis points. On the other hands, the bank was not that
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