Loans to get costlier as SBI hikes lending rates

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.

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