SBI reduces base rates by 30bps

SBI reduces base rates by 30bps

 

State Bank of India has reduced base rates by 30bps to bring new year cheer to customers.

With effect from January 1, 2018, the revised base rate is 8.65% (8.95 per cent earlier) for existing customers and Benchmark Prime Lending Rate is 13.40% (13.70 per cent).

The stock was down by 1.5% at Rs.302.