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SBI cuts interest rate by 0.9 %; borrowing of Home and Auto loans to be cheaper

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In a first gift after Demonetization by government. SBI cuts interest rate by 0.9 %, SBI State Bank of India cuts interest rate by 0.9 %. Borrowing of home and auto loans to be cheaper. Loan borrowing from SBI becomes cheaper with less EMIs Equated Monthly Installments, as per source.

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