When RBI reduced the repo rate third time in a row, a few days back, many people raised the fair share of scepticism about the transmission of rate cut to customers by the banks. As rate cut can bring a huge relief for the customers who have borrowed money from the banks like home loans and those who are going to borrow in future. But, removing all doubts and scepticism, the State Bank of India (SBI) has passed on the benefit of the third rate cut by the RBI to customers.