Loan

A 60-year-old man, the main accused in a ₹65,000 loan fraud case, was initially remanded to 14 days' judicial custody despite the matter being settled.

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: […]