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SBI ups home loan rates by 50bps
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SBI ups home loan rates by 50bps
16 June 2022
The country’s biggest lender State Bank of India (SBI) has hiked interest rates on home loans by 50 basis points (1 (100bps = 1 percentage point) to 7.55%. The new rates are effective June 15 and follow the Reserve Bank of India’s decision to hike the repo rate by 50bps.
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