Core Viewpoint - State Bank of India (SBI) has reduced rates on select deposits and lending benchmarks in response to a 25 basis points cut in the policy rate, aiming to pass on the benefits while maintaining its net interest margin [2][3] Deposit Rate Adjustments - The rate on the 444-day deposit has been decreased from 6.6% to 6.5% [2][3] - The rate for deposits of two to less than three years has been lowered from 6.5% to 6.4% [2][3] - The rate for senior citizens' deposits has been reduced from 7.0% to 6.9% [2][3] - Rates on short-term deposits (seven days to less than one year) and long-term deposits (three years and above) remain unchanged [2][3] Lending Growth Context - Bank credit growth is outpacing deposit growth, with lending increasing by 11.5% year on year, marking the highest growth since April 2025 [2][3] - Despite the increase in lending, deposit growth has been slower during late November [2][3]
SBI lowers select deposit, lending rates
The Times Of India·2025-12-13 06:34