scorecardresearchSBI hikes MCLR by up to 20 basis points; third hike in as many months

SBI hikes MCLR by up to 20 basis points; third hike in as many months

Updated: 16 Aug 2022, 11:24 AM IST
TL;DR.
SBI's MCLR rate for overnight to three-month has increased to 7.35 per cent from 7.15 per cent, while six-month MCLR has increased to 7.65 per cent from 7.45 per cent
The lender also hiked its external benchmark-based lending rate (EBLR) and repo-linked lending rate by 50 bps, with effect from August 15

The lender also hiked its external benchmark-based lending rate (EBLR) and repo-linked lending rate by 50 bps, with effect from August 15