RBI rate cut effect: SBI gives big relief to borrowers; slashes interest rates by up to 50 bps

State Bank of India reduced its lending rates by 50 basis points, effective June 15, 2025, lowering RLLR to 7.75% and EBLR to 8.15%. Fixed deposit rates for amounts up to Rs 3 crore were also decreased by 25 basis points across various maturities.