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The move, aimed at ensuring better collections, comes amidst rising level of retail lending in the system coupled with increasing delinquency levels on the back of the upward movement in the interest rates.
Due to this latest MCLR hike by SBI, borrowers' EMI outgo will increase further
SBI MCLR Hike Latest Update: The SBI said it has increased its three-month MCLR to 8.10 per cent, compared with 8.00 per cent earlier. The six-month MCLR stands at 8.40 per cent, which was 8.30 per cent earlier. -- aaa
आरबीआई द्वारा रेपो रेट बढ़ाए जाने के बाद बैंकों ने उधार देने की दरों में बदलाव करना शुरू कर दिया है। इन दरों में बदलाव का सीधा संबंध लोन और ईएमआई से होता है। ऐसे में यह जान लेना जरूरी है कि आपकी जेब पर इसका क्या असर होगा।
Apart from SBI, the Bank of Baroda (BoB) has also announced a hike in the marginal cost of the lending rate. The bank has raised MCLRs by 5 bps across tenors.