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Jun 18, 2012, 09.24 AM IST

SBI cuts lending rates by 50-350 bps; stock up

State Bank of India (SBI) has cut lending rates by 50-350 bps across categories effective from June 1, reports CNBC-TV18.

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State Bank of India (SBI) has cut lending rates by 50-350 bps across categories effective from June 1, reports CNBC-TV18.


It touched an intraday high of Rs 2,230 and an intraday low of Rs 2,216. At 09:18 hrs the share was quoting at Rs 2,222.60, up Rs 39.80, or 1.82%.
 
It was trading with volumes of 31,058 shares. In the previous trading session, the share closed up 1.33% or Rs 28.55 at Rs 2,182.80.


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