Tag : Marginal Cost of Funds Lending Rate (MCLR)

Loans to Get More Expensive as SBI Hikes Benchmark Lending Rate By 0.5%

NileshAugust 16, 2022August 16, 2022

State Bank of India (SBI) hiked its benchmark lending rate by 50 basis points (or 0.5%), resulting in higher EMIs for borrowers. The loan rate...