SBI sets base rate at 7.5%: What this means for investors

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Uploaded by on Jun 29, 2010

State Bank of India (SBI) set the tone for the new base rate system for deposits and loans on Tuesday with a benchmark rate of 7.5 per cent. For retail customers, banks are likely to hold rates at close to current levels and for small and mid-sized corporates, the rates are also unlikely to change.

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