SBI links Savings A/C, Short Term Loans to Repo rate
India’s largest lender State Bank of India will be India’s 1st bank to link its interest rate on savings bank deposits with a balance above ₹1 lakh & short-term loans to RBI's repo rate. The new system will come into effect from May 1.
Did you Know
Sudha Balakrishnan is the 1st & current CFO of RBI.