SBI to cut loan rates by 25-50 bps for exporters

State Bank of India (SBI), India’s largest public sector lender, would cut interest rates on loans for exporters by 25-50 basis points, a senior official said. The new rates are likely to be effective from next week, after the bank’s asset liability committee meets this Saturday.

The move comes following the central bank’s decision to increase export refinancing limits of banks, to 50 per cent, to improve liquidity in the system.

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