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State Bank of India took a “large step” to align its deposit and lending rates in the current rising interest rate regime.
India’s largest bank upped its short-term (up to six months) deposits rates by 75 to 225 basis points.
The bank also raised the benchmark rates to which all its lending rates are linked by [...]

State Bank of India (SBI) on Thursday slashed rates for farmers looking for minor irrigation and crop loans. As part of its special drought-relief schemes, the bank has taken this step to support farmers who have been hit by the weak monsoon this year.
SBI has reduced interest rates to 8% in the first year [...]