State Bank of India, which is the largest lender in the country, can soon come up with some favorable news for the education loan borrowers. The lender has indicated that a reduction of interest rates is possible in its education loans segment. The Chairman of the bank, Mr. Pratip Chaudhuri said, "We have an Alco (asset, liability committee) meeting this week itself and it will have education loan rate cut on top of the agenda."
He however rejected any possibility of reduction in the base rate in near future. |
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