SBI to slash interest rates

HYDERABAD: The State Bank of India (SBI) will shortly slash the interest rates on different loans as per directions of Reserve Bank of India (RBI) following the recent decrease in repo rate, said SBI managing director and group executive A Krishna Kumar.Revised rates are likely to be announced in a couple of days.Inaugurating the bank’s second Small and Medium Enterprises City Credit Centre (SMECCC) at Kukatpally here on Saturday, Krishna Kumar said that specialised credit centres are being opened by the SBI across the country to cater to the needs of all small and medium enterprises under one roof. He said such credit centre in Hyderabad will be more beneficial to customers.