RBI dilutes norms for some loans; SBI base rate likely at 7.75%
Country’s largest lender State Bank of India (SBI) is likely to fix its base rate–the new lending benchmark banks will follow from next month–at around 7.75 per cent after factoring in the clarifications made by Reserve Bank of India (RBI) on treatment of concessional loans.
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RBI dilutes norms for some loans; SBI base rate likely at 7.75%
