1 min read.Updated: 01 May 2022, 10:14 AM ISTLivemint
Major lenders like SBI, Kotak Bank, Axis Bank, and Bank of Baroda have made 5-10 basis points hikes in their MCLR
Listen to this article
Some of the major banks including the State Bank of India (SBI), Axis Bank, Kotak Bank, and Bank of Baroda have raised their MCLR by 5-10 basis points (bps). Banks have hiked lending rates for the first time in around three years. Other banks are also likely to increase their lending rates in the coming days.