The State Bank of India (SBI), the country's largest lender, has increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points (0.1%) across all tenures. This revision raises the one-year MCLR to 8.75% from the previous 8.65%, effective June 15. The hike in lending rates comes as India Inc is looking for credit to fund capital expenditures, with a corporate loan pipeline worth Rs 5 lakh crore.
SBI lending rate hiked: Interest rates on THESE State Bank of India loans to get costlier https://t.co/rWtnwX5Or2
#SBI hikes lending interest rates by 10 basis points across all tenures https://t.co/94PxDiPjem
The State Bank of India (#SBI) increased its marginal cost of #funds-based lending rate (MCLR) by 10 basis points (0.1%) across all tenures. https://t.co/I1sIwGN3I7
The country's largest lender State Bank of India (#SBI) has hiked its #lendingrates by 10 basis points (bps) or 0.1 per cent across all tenures https://t.co/OcsuvfAlIC
JUST IN | SBI revises one-year MCLR to 8.75% from 8.65%, effective June 15: Agencies @TheOfficialSBI https://t.co/c7R4LvnLDB
⚠️ STATE BANK OF INDIA REVISES ONE-YEAR MCLR TO 8.75% FROM 8.65%, EFFECTIVE JUNE 15
#CorporateLoan Worth Rs 5 Lakh Cr In Pipeline, India Inc Looking For #Credit To Fund #Capex: #SBI Chief #Banking #Finance #Bank #Business https://t.co/ilLihaLw4V