Reserve Bank of India (RBI) announced a 0.25% cut in the rate at which it lends to banks at its monetary policy review earlier this month hoping banks would pass on the cut. State Bank of India, the country's largest lender, cut the rate on new home loans by just 0.05%. Other banks usually follow SBI in rate cuts.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Sest4c
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