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Finance

SBI cuts interest rates on term deposits, reduces MCLR by 10 bps

Updated : September 09, 2019 02:34 PM IST

SBI has reduced the MCLR by 10 basis points across all tenors, bringing the 1-year MCLR to 8.15 percent per year.
SBI has also slashed interest rates on retail term deposits by 20-25 bps and bulk term deposits by 10-20 bps across tenors.
SBI cuts interest rates on term deposits, reduces MCLR by 10 bps
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