SBI Cuts Loan Rates After RBI Repo Rate Cut: EBLR Drops to 7.90%, MCLR Trimmed; Select FD Rates Revised From Dec 15
State Bank of India will cut its external benchmark-linked lending rates and repo-linked lending rate by 25 basis points from December 15, 2025, following the RBI’s repo rate reduction. Marginal Cost of Funds Based Lending Rate (MCLR) will drop by 5 basis points across tenors. Select fixed deposit rates, including the 2–3 year range and the 444-day scheme, will also be reduced.