SBI Revises Interest Rates On Savings Deposits, Fixed Deposits

State Bank of India or SBI, country's largest lender, on Wednesday announced a reduction in its savings deposits interest rate. It also announced a reduction in interest rates on term deposits or fixed deposits (FDs) across select maturities. The cut in SBI interest rates comes on the back of the Reserve Bank of India (RBI)'s 135 basis points reduction in the re more