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Last Updated : Mar 12, 2019 06:12 PM IST | Source: Moneycontrol.com

3 Point Analysis | SBI links deposit, loan rates to repo rate

Sakshi Batra does a 3 point analysis of the reasons behind SBI's move and will that prompt other lenders to follow suit.

Moneycontrol News @moneycontrolcom

The State Bank of India (SBI) is the first bank to announce linking of its interest rates on deposits and loans to an external benchmark from May 1, 2019.

The move implies that whenever the Reserve Bank of India (RBI) announces a change in the repo rate, it will automatically reset SBI's interest rates.

Sakshi Batra does a 3 point analysis of the reasons behind SBI's move and will that prompt other lenders to follow suit.

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First Published on Mar 12, 2019 06:12 pm
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