SBI hikes lending rate by 0.1%, EMIs to go up - This is the second hike in a month raising the cost by 0.2 per cent with the two consecutive increases.
New Delhi, May 16: The country’s largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers. This is the second hike in a month raising the cost by 0.2 per cent with the two consecutive increases. The revision follows an off-cycle rate increase by the Reserve Bank earlier this month. The […]