Loan

SBI increased lending rate by 10 bps; effective from June 15

NEW DELHI: The State Bank of India (SBI), the country’s largest lender, has increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points (0.1%) across all tenures, effective from June 15. MCLR signifies the minimum interest rate below which banks cannot lend and reflects trends in their cost of borrowing. ALSO READ: […]