SBI reduces lending rates by 25 bps after RBI's repo rate cut
The State Bank of India (SBI) has reduced the lending rate by 25 basis points after RBI cut the repo rate for the second consecutive time. The bank's Repo Linked Lending Rate (RLLR) is now 8.25%. The lending rate cut will make several loans, including home, personal and automobile, cheaper for both existing and new borrowers.