SBI cuts home loan interest rates

India's largest public sector lender State Bank of India cut interest rates for home loans up to Rs 75 lakh. 

As per its website, home loan for women will be 20 basis points above 1 year marginal cost of lending rate which translates it into 9.10%.  Interest rate on home loans below Rs 75 lakhs for others will be available at 9.15% - which is 25 basis points above its benchmark. 

On BSE, shares of SBI is trading at Rs 251.25, down by Rs 7.15 or 2.77% at 12.22 pm.