Click it and Unblock the Notifications
State Bank Of Mysore Cuts Lending Rates; Loans To Become Cheaper
State Bank of Mysore (SBM), an associate of State Bank of India, has slashed the minimum lending rate by 0.10 per cent to 9.90 per cent.
"The bank has revised downward the base rate from 10 per cent to 9.90 per cent to be effective from today," SBM said in a BSE filing. Base rate is the minimum rate below which banks are not allowed to lend.
Private sector lender HDFC Bank recently reduced its base lending rate to 9.35 per cent. This left industry observers worried that the it could trigger a lending war in the industry.
The Reserve Bank of India has been nudging banks to lower their interest rates as the central bank had cut the repo rate by 75 basis points already this year.
The RBI will announce its next bimonthly monetary policy on September 29. It is believed that the RBI would cut rates in its policy meet after WPI and CPI inflation came in sharply lower for the month of August 2015.
GoodReturns.in
More From GoodReturns
New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?
LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged
Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?
Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026
Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi
Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya
Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April
Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA
5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report
Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March
Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis
Sign in with Google