State Bank Of India Has Cut The Interest Rate For One Year Deposits

State Bank of India has cut the interest rate for one year deposits by 25 basis points for both general public and senior citizens.

In an interview to CNBC-TV18, Rajnish Kumar, Managing Director of State Bank of India said the bank had Rs 25 lakh crore of deposit and one year deposit would be Rs 3 lakh crore.

On lending front, he said bank's market share was around 21-21.5 percent, so to that extent the bank was able to protect market share.

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