SBI cuts interest rate by 5 bps on home loans up to Rs 30 lakh
"On the back of the monetary policy announced by the RBI, we have taken the lead to cut interest rates on home loans up to Rs 30 lakh," the bank's chairman, Rajnish Kumar, said in a statement. The new rates are effective from Friday.
State Bank of India Friday announced a cut in interest rates by 5 basis points on its home loans up to Rs 30 lakh, Image source: PTI