India’s top lender State Bank of India has raised the marginal cost of funds-based lending rate by 10 basis points. The hike comes within a week after the Reserve Bank of India raised its repo rate by 25 bps to 6.50 per cent. SBI has raised the overnight MCLR rate by 10 bps to 7.95 per cent from 7.85 per …
Later this week, the Reserve Bank of India is scheduled to release its bi-monthly monetary policy announcement. The MCLR rates have increased by 15 bps across all tenors, according to the official ICICI Bank website, while the BOI has increased the MCLR by 10 bps across all tenors. ICICI Bank MCLR According to the ICICI Bank's official website, the overnight …
Highlights ICICI Bank on Monday raised its lending rates by 0.15 percent across all tenors This will make EMI expensive for those who availed loans benchmarked against MCLR The rate hike comes ahead of the RBI's Monetary Policy Committee meeting later this week ICICI Bank, the second-largest private sector lender, on Monday raised its lending rates by 0.15 percent across …
State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures. An overnight, one-month and three-month MCLR rose by 10 bps to 6.75 per cent, whereas a six-month MCLR increased to 7.05 per cent. At the same time, two-year MCLR increased by 0.1 per cent to …