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SBM cuts rates on term deposits, loans

Our Bureau

Bangalore , Oct. 7

THE State Bank of Mysore, an affiliate of the SBI, has lowered its interest rates on domestic term deposits ranging from 25 basis points to 75 basis points for a tenor between 15 to 45 days and one year to two-year period loans. The new rates have been effective from October 1. The bank has also reduced the interest rate on personal loans and tractor loans along with the rate on loans given to small business.

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