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SBI lowers lending rates based on MCLR

Mumbai: Country’s largest lender State Bank of India on Monday announced the reduction in its marginal cost of fund based lending rate (MCLR) by 10 basis points across all one-year products, effective Tuesday.

Mumbai: Country’s largest lender State Bank of India on Monday announced the reduction in its marginal cost of fund based lending rate (MCLR) by 10 basis points across all one-year products, effective Tuesday. This is the eighth consecutive cut in MCLR by the lender this fiscal. PTI

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