State-run Bank of India said on Thursday it will lower some deposit rates by 25-50 basis points from June 7.\n\n\n\n
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
SBI Chairperson Arundhati Bhattacharya said any rate cut by the bank would depend on a lot many factors.
The biggest private sector lender, are swarming the market with discounts and special offers