SBI expected to lower educational loan interest rates soon : Rupee Times

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NEWS & ADVICE : EDUCATION LOANS

SBI expected to lower educational loan interest rates soon

By Neelima Shankar

Feb 21, 2012

The largest lender in the country, State Bank of India may soon reduce the interest rates on education loans. It is expected that SBI can reduce the interest rates on education loans across various maturities by upto 100 basis points.

Earlier last week the Chairman of SBI, Mr. Pratip Chaudhuri said, "We may have an Alco meeting this week itself and it will have education loan rate cut on top of the agenda."

The asset, liability committee (Alco) meeting of the bank was held over the weekend.


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