Lowest base rate in the market: SBI
By Ira Dugal | Published On: January 31, 2013 13:00 (IST) | Duration: 14 min, 31 sec
SBI has cut its base rate by 5 bps to 9.7 per cent vs 9.75 per cent, and continues to have the lowest base rate in the market. Chairman Pratip Chaudhuri says that the benefit from the CRR cut has been passed on to customers and that the base rate cut will have no impact on the lender's net interest margins.
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