BanglaHunt Desk: Lockdown is currently taking place across the country to prevent Corona infection. At every moment, the country's economy is bleeding. In this situation, the State Bank of India (sbi), the largest state-owned bank in the country, has lowered the interest rate. In all savings accounts, they have announced interest rates to be reduced from 3 percent to 2.75 percent.
SBI (state bank of india) sources say interest rates will drop from April 7. Besides, the country's largest state-owned bank has decided to cut interest rates by 0.35% in MCLR. As a result, home loan customers will get some relief. The banks have decided to reduce the interest rate on deposit deposits by 0.25 percent due to having enough cash.
Earlier, during the crisis in the country, the largest banking company Reserve Bank of India took big financial steps this time. At a press conference, the top bank reported that the repo rate would be reduced. As well as some more special announcements by Shaktikanta Das today,
- ৭৫ Basis Point Lotus Reserve Bank. The repo rate has been reduced to 8.5 percent from 6.7.
- EMI for all bank loans is suspended for three months.
- Reverse repo rate was reduced by 5 basis points to 5 percent.
The Reserve Bank has taken this financial step to keep the banking sector active. GDP growth rate is forecast to drop to 6.2 percent in the wake of the global epidemic.
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