Loans and EMIs to be cheaper as SBI to cut repo rate by 75 basis points

State Bank of India, SBI on Friday said that it has decided to pass on the entire 75 basis points repo rate cut announced by the Reserve Bank of India. The new rates, to be effective from 1st of April, will be applicable for its borrowers availing loans based on External Benchmark-linked lending rate, EBR and



Repo-Linked Lending Rate, RLLR.