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SBI cuts interest rate on home, car loans by up to 0.5%

India, Aug. 2 -- State Bank of India (SBI) slashed lending rates on car and home loans by up to 0.5%, a day after 1% cut in SLR by the Reserve Bank.

SBI has reduced interest rate on home loans of up to Rs 3 million to 10.25% from existing 10.50% (after 0.25% concession over the card rate), a senior bank official said....

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