SBI give up 100% processing fees on various loans

The SBI has announced a exemption on processing fees for most of its retail loans, including on car loans, and other personal loans. This is part of a 'festival bonanza' programme announced by the bank. The bank said that it will waive up to 100% processing fee on car loans, personal gold loans, and other personal loans. This comes three weeks after SBI announced a cut in savings bank rate.