Interest Cut

  • SBI contemplating further cut in lending rates: Bhatt February 2, 2009

    New Delhi: The country's top public sector lender, State Bank of India, today said it is considering further reduction in lending rates. "There is thinking (on these lines)," SBI Chairman O P Bhatt said when asked if there is a possibility of reducing the benchmark prime lending rate (PLR) by...
  • SBI cuts lending rate, plans to raise funds November 6, 2008

    Mumbai: State Bank of India (SBI), India's biggest lender, is cutting its main lending rate by 75 basis points and will raise $1-$2 billion this year to help tide over tight liquidity conditions, its chairman O P Bhatt said on Thursday. O P Bhatt said a lack of liquidity was a...
  • Fresh rate cut by SBI to make loans cheaper February 21, 2008

    New Delhi: There is good news for borrowers. Home and car loans are set to get cheaper after SBI and three other public sector banks cut interest rates, raising expectations that private banks will now follow suit. State Bank of India, the leader of PSU banks, cut rates by a quarter...