TIP OF THE DAY 18082009
AGMSBLCKNL
TIP OF THE DAY
18.08.2009
EXPORT CREDIT: ALL MARKET SEGMENTS
The bank has decided to revise SBAR from 12.25% p.a. to 11.75% p.a. with effect from the 29th June 2009. Further interest rate on SBI Exporters Gold Card will continue to be 25 bps lower than normal Export Credit. below RBI has advised to extend collateral free loans up to Rs.5 lacs to all new loans sanctioned to the units of MSE sector [both manufacturing and services enterprises]. For more details, please refer to the circular letter.
SOURCE: CL No. CirCFO/Adv/125/2009-10 dated 18th Aug 2009.
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