State Bank of India (SBI), country’s largest public sector lender is planning to cut lending rates on loans that have high interest rates post RBI’s rate cut announcement. The Reserve Bank of India (RBI) cut its repo rate for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts.
Earlier, SBI revised the interest rates on retail term deposit with effect from March 28, 2012. For tenor ranging from 7 days to 90 days the interest rate is been increased by 100 basis points (bps) while for tenor ranging from 91 days to 179 days the rate is been increased by 75 bps.
| Company Name | CMP |
|---|---|
| SBI | 973.50 |
| PNB | 104.70 |
| Canara Bank | 129.35 |
| Bank Of Baroda | 266.00 |
| Union Bank Of India | 163.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: