Yes, there will be some cost, but it will be limited to administrative and legal expenses
According to the new rules, SBI will allow 8-10 free ATM transactions a month for customers with average monthly balances of up to Rs 25,000 in their savings accounts
SBI has lowered rates on fixed deposits by 10 basis points for '1 year to less than 2 years' maturity with effect from October 10, 2019
SBI will use repo rate as the external benchmark to price all new floating-rate loans for MSMEs, housing and retail loans and credit for medium-sized enterprises from today
"As the nation's largest lender, we have always kept customer interests at the centre," said SBI chairman Rajnish Kumar
Cuts rate on homes loans above Rs 75 lakh by 10 bps from June 15; new rate 8.55% for women, 8.6% for others
Under the new government scheme, loans under Rs 30 lakh qualify for affordable housing