Loans to get costlier as SBI hikes lending rates

https://ift.tt/2wueAag State Bank of India (SBI) has increased the lending rate by 20 basis points across all tenors up to three years. Now SBI's overnight and one-month tenors' Marginal Cost of Funds Based Lending Rate (MCLR) stands at 8.1 per cent as against 7.9 per cent, as per the SBI's website.

https://ift.tt/eA8V8J from Times of India https://ift.tt/2wueAag