Here is details on Indian banking sector news on SBI bank. Recently SBI lessens Old Home Loans Customers to benefit new interest rates
India’s largest lender State Bank of India has decided to let them to revise their existing loans at lower prices of rates.
SBI existing floating rates vary from 10.50% for up to RS 30 lakh loan, 10.75% for between 30 lakh and 75 lakh loan and 11% for loans above 75 lakh rupees.
In a statement, SBI informed that fixed deposits with maturity period of 7-90 days will earn 8% interest against existing 7% interest on investment.
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