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This is an archive article published on June 25, 2009

SBI to cut lending rate by 50 bps

State Bank of India will cut its benchmark prime lending rate by 50 basis points to 11.75 pct.

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State Bank of India,the country8217;s biggest bank,said on Wednesday it will cut its benchmark prime lending rate by 50 basis points to 11.75 per cent per annum from June 29.

 

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