Banking, Business & Economic Affairs

  • India’s largest lender the State Bank of India (SBI) has cut its term deposit rates by up to 50 basis pointsfor various maturities.
    • The rates have been revised for medium and long term deposits and for amount below ₹1 crore.
    • The lender will be offering the new rates for fresh deposits and renewals, applicable from April 29, 2017.