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SBI cuts benchmark lending rate by 15 bps

The SBI on Thursday slashed benchmark lending charge by 0.15 foundation points (bps), and offered particular deposit scheme for senior voters with upper interest rate. To safeguard the interests of senior voters within the present falling charge regime, the financial institution has offered a new product 'SBI Wecare Deposit' within the retail term deposit segment, SBI said in a statement.

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