SBI announcement: Here's when State Bank of India will reduce loan rates, pass RBI rate cut benefits to customers
SBI Chairman Rajnish Kumar Thursday said the bank has already cut the interest rate and will reduce it further with decline in marginal cost of funding.
Earlier, speaking at a CREDAI conference here, Kumar made a case for developing the corporate bond market to help fund projects with long gestation period and reduce the burden on banks for funding infrastructure projects. Representational Image: Reuters