SBI hikes lending rate by 10 bps; EMIs to go up

The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers. The lending rate revision by SBI is likely to be followed by other banks in the days to come.

from Times of India https://ift.tt/1CoYfi3