Live
- Tight security arrangements at Group-II examination centers District SP
- Alia Bhatt captures attention in white
- Varun Dhawan talks about ‘Baby John’
- ‘Moonwalk’ trailer promises a quirky heist, love, and loyalty
- Combat leaf spot disease
- Ahsaas Channaopens up about her complex character in ‘Mismatched 3’
- Radhika Apte welcomes first child, shares heartfelt post
- Jacqueline dazzles at Da-Bangg Reloaded concert
- Time to boost measures to prevent drowning, save children: WHO
- TDP achieves milestone with 73 lakhs membership registration, says Chandrababu
SBI hikes interest rate on loans
Highlights
Mumbai: State Bank of India (SBI) has hiked its base rate of lending from 10.10 per cent to 10.25 per cent which is likely to lead to an increase in...
Mumbai: State Bank of India (SBI) has hiked its base rate of lending from 10.10 per cent to 10.25 per cent which is likely to lead to an increase in the EMIs of home, auto and personal loans.The increase in the marginal cost of lending rate (MCLR) of the country’s leading bank now ranges between 8 per cent and 8.85 per cent.The new rates have come into effect from December 15.
The overnight MCLR rate is set at eight per cent, while the rates for one month and three-month tenures have been increased from 8.15 per cent to 8.20 per cent.Since SBI is the bellwether for the banking sector, it is expected that other banks may also follow suit and hike interest rates.
Next Story
ADVERTISEMENT
