State Bank of India (SBI) has informed that the Bank has revised the Benchmark Prime Lending Rate (referred to as SBAR) & Deposit Rates as under:
State Bank of India has reduced the Benchmark Prime Lending Rate by 75 bps from 13.75% p.a. to 13.00% p.a. effective from November 10, 2008 and reduced the Deposit Rates by 50bps across the maturities from 91 days upto 5 years and by 25bps for deposits with maturities of 5 years and over effective from December 01, 2008.
State Bank of India has reduced the Benchmark Prime Lending Rate by 75 bps from 13.75% p.a. to 13.00% p.a. effective from November 10, 2008 and reduced the Deposit Rates by 50bps across the maturities from 91 days upto 5 years and by 25bps for deposits with maturities of 5 years and over effective from December 01, 2008.
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