Deposit Rate Cut Due to Easing Liquidity Conditions: SBI
SBI has cut retail deposit rates by 25 basis points effective December 8. Arundhati Bhattacharya, chairman of SBI, tells NDTV that due to sufficient liquidity the bank has been able to cut these rates and may consider cutting lending rates too. Credit growth remains muted but have started seeing greenshoots in renewable energy and real estate space.
