Kant will remain in the position until the date of her superannuation on September 30, 2020 or until further orders, SBI said.
The cut in MCLR follows a 25 bps reduction in repo rate by the RBI last week.
Top lender State Bank of India said on Friday that the government had appointed Anshula Kant as the bank’s managing director. Kant will remain in the position until the date of her superannuation on September 30, 2020 or until further orders, SBI said.
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