State Bank of India has reduced its benchmark lending rate by 5 bps across all loan tenures. The lender’s one-year marginal cost of funds based lending rate (MCLR) will be 8.4% compared with 8.45%.
Static/Current Takeaways Important For SBI PO/Clerk Mains:
- Chairperson of SBI: Rajnish Kumar; Headquarters: Mumbai; Founded: 1 July 1955.
Source: The Hindu