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Nagpur: Following RBI’s decision to cut its repo rate by 50 basis points from 7.25 percent to 6.75 percent on Tuesday, many banks have decided to pass on the benefits to customers by cutting their base rates.
So far, nine banks both public and private including the largest lender of the country State Bank of India, have joined this club. The following chart will provide with quick information on the new base rates of these banks:
