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Banking, Business & Economic Affairs
- India’s largest lender the State Bank of India (SBI) has cut its term deposit rates by up to 50 basis pointsfor various maturities.
- The rates have been revised for medium and long term deposits and for amount below ₹1 crore.
- The lender will be offering the new rates for fresh deposits and renewals, applicable from April 29, 2017.
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