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SBI Cuts Bulk Deposit Rates By 1.9 Per cent
State Bank of India has cut bulk deposit rates by 1.9 per cent across various tenures.
The nation's largest lender, State Bank of India has cut bulk deposit rates by upto 1.9 per cent on various maturities. The move to cut deposit rates comes close on the heels of the demonetization, which has left the banks flush with funds.
It is highly likely that other banks may also slash interest rates, in the coming days. If that happens it could lead to a drop in interest rates across the economy.
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