1 min read.Updated: 15 Aug 2022, 11:32 AM ISTLivemint
SBI MCLR rates: This is the second hike by India's largest lender in a month
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State Bank of India or SBI, India's biggest lender, increased marginal cost of funds based lending rate or MCLR on loans with effect from today, a move that will make EMIs expensive for those who availed loans benchmarked against the MCLR. The one-year MCLR is considered important from a retail loans perspective, as a bank's long-term loans like home loans are linked to this rate.
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