SBI reduces base rates by 30bps

SBI reduces base rates by 30bps

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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.