State Bank of Travancore became second bank to announce rate cut after second Repo Rate Cut by RBI in March 2015
Q. Which bank became the first major bank to announce rate cut after RBI’s second Repo rate cut of the year was announced on March’2015?- Published on 28 Mar 15a. State Bank of Travancore
b. State Bank of India
c. Punjab National Bank
d. ICICI Bank
ANSWER: State Bank of Travancore
It is a associate bank of the State Bank Group announced a 10 basis-point cut in the base rate to 10.15% on 8th Mar’15.
