i Develop Stocks Advisory

State Bank of India cuts rates by 25 bps State Bank of India, the country's biggest lender, said on Wednesday it had cut its prime lending by 25 basis points to 12.25 percent from February 27, lowering the rate for the second time this month. Last week, the government-run bank had said it had reduced the rate by a quarter point to 12.50 percent from February 16.