State Bank of India cuts SME, agri loan rates by 50-350 bps

State Bank of India (SBI), the largest public sector bank, has reduced its loan rates for the agriculture and small & medium enterprise (SME) sectors by 50-350 basis points.

The new rates, effective from June 1, aimed at pushing credit offtake comes three days before the Reserve Bank of India’s (RBI’s) mid-quarter monetary policy review.

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