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SBI pares savings account interest rate to 3%, scraps minimum balance fine
No more SMS charges, Home and auto loan customers to gain as MCLR is slashed by 10-15 bps in tenth such cut this year
Savings rate cut: Decline in govt banks' deposit share may accelerate
High share of PSBs in deposits has weighed on their cost structure, which the rate cut will correct
Cut in SBI's savings rate: Banks' margin to benefit
Many banks are waiting for RBI's policy action to decide on savings bank rate after SBI's move
