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SBI slashes bulk term deposit rates by 125-190 bps across tenors

SBI slashes bulk term deposit rates by 125-190 bps across tenors – Moneycontrol.com
Speaking to CNBC-TV18 the state-owner bank’s CFO Anshula Kant said the MCLR has been on a decline over the last few months considering weak credit offtake and fund inflows. She sees possibility of a steeper reduction in MCLR going forward.

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