SBI cuts interest rates for home, auto loans by 0.05%
India's largest lender SBI has reduced the interest rates on home and automobile loans by 0.05%, effective November 1. It has cut interest rate on home loans to 8.3% and on auto loans to 8.7%. SBI also cut its fixed deposit rates by 0.25% to 6.25% for most maturities and for senior citizens, the rate has been reduced to 6.75%. 