Question

Sbi has recently linked the savings bank deposits with over one lakh and all cash credit accounts with limit above one lakh tow which policy rate

Answer 1

Answer:

All SBI cash credit accounts and overdraft facilities with limits above ₹1 lakh is linked to the RBI's repo rate, plus a spread of 2.25%. SBI charges a risk premium on these loans, over and above the floor rate of 7.65%, based on the risk profile of the borrower.