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Business News›News›ET TV›Savings accounts of over Rs 1 lakh will be linked to repo rate, says SBI Chairman Rajnish Kumar
Savings accounts of over Rs 1 lakh will be linked to repo rate, says SBI Chairman Rajnish Kumar
While talking to the media, SBI Chairman Rajnish Kumar on Saturday said, “Savings accounts of over one lakh and above will be linked to the repo rate and all the working capital loan are theoretically are payable on demand, these loans will be continued to be linked with the Marginal Cost of funds based Lending rate (MCLR)”.
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