SBI hikes lending rate by 0.1%, other banks likely to follow suit; EMIs to go up

The country's largest lender State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.

from Zee Business: India Economy News https://ift.tt/PXIEtax
zee business The country's largest lender State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers. https://ift.tt/zGUwjFR April 19, 2022 at 12:19PM