SBI cuts lending rate by 75 bps

Responding to RBI’s extraordinary monetary policy measures to support the wider economy, SBI passes on the entire 75 bps Repo rate cut to its borrowers availing loans linked to External Benchmark linked lending rate (EBR) as well as (RLLR). EBR reduced to 7.05% p.a from 7.80% p.a. and RLLR reduced to 6.65% p.a from 7.40% p.a.