State Bank of India (SBI), the country’s largest lender, has reduced its lending rates following the Reserve Bank of India’s recent 25-basis-point policy
rate cut, making loans cheaper for both existing and new borrowers.
The bank said its External Benchmark Linked Rate (EBLR) will fall by 25 basis points to 7.90%, effective December 15, 2025. This marks the latest transmission of the RBI’s fourth rate cut of the year aimed at supporting economic growth.
SBI has also lowered its Marginal Cost of Funds–Based Lending Rate (MCLR) across all tenors by 5 basis points. With this revision, the one-year MCLR will drop to 8.70% from 8.75%. The bank has also reduced its Base Rate/BPLR to 9.90% from 10%, effective the same date.
Alongside lending rate adjustments, SBI has trimmed fixed deposit rates by 5 basis points for the 2–3 year maturity bucket, now offering 6.40%. Interest rates for other maturities remain unchanged, reflecting continued pressure on deposit mobilisation.
The bank has additionally revised the rate of its 444-day special deposit scheme, Amrit Vrishti, reducing it to 6.45% from 6.60%, effective December 15.
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