India's largest bank SBI raises benchmark lending rate by 0.7%; Your home loan EMIs set to rise
Updated: 15 Sep 2022, 07:49 AM IST
TL;DR.SBI raises benchmark lending rate by 0.7 per cent: The announcement would make loan repayment linked to BPLR costlier. The current BPLR rate is 12.75 per cent. It was revised last in June.
SBI’s capital adequacy ratio under Basel III norms stood at 13.43%, down 23 bps y-o-y. (Pradeep Gaur/ Mint)