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SBI cuts deposit rates again (Busienss Standard December 13, 2007)
State Bank of India (SBI) has cut the peak term deposit rate by 25 basis points (bps) to 8.5 per cent for the second time in just over a month.
It has also slashed rates on short-term deposits of less than a year by an identical margin to improve asset-liability management and reduce the cost of funds. The new rates are effective from December 12.
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