Earlier in March, the SBI had announced that it will be linking its savings deposits rates and short-term loans to the RBI's repo rate from May 1 with an aim to ensure faster monetary transmission. The bank further said all cash credit accounts and overdrafts with limits above Rs 1 lakh will also be linked to the benchmark policy rate, plus a spread of 2.25 per cent.
from The Times of India http://bit.ly/2DGfNyG
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