SBI cuts interest rates. Will others follow?

September 29, 2015 15:09

Just in: The State Bank of India has cut benchmark lending rate by 0.4 per cent to 9.3 per cent with effective from October 5.

The move comes after RBI cut rates to a four-year-low by 50 basis points.
Tuesday's repo rate cut is the biggest single monetary policy move taken by RBI Governor Raghuram Rajan and it takes the repo to its lowest since March 2011

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