SBI has cut rates on select deposits and reduced lending benchmarks to pass on the repo cut while protecting its margins. The move follows the 25 basis points (100bps = 1 percentage point) reduction in the policy rate, which lowered yields on loans linked to the external benchmark and reduced the bank’s interest income. RBI Slashes Rates After Rupee Fall, Boosts Liquidity And Lifts India’s GDP Forecast To 7.3%The bank said it adjusted deposit rates to balance the impact on its net interest margin. It reduce ...