1 min read.Updated: 18 Apr 2022, 09:37 AM ISTLivemint
SBI hikes MCLR across all tenors with effect from 15 April 2022.
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The State Bank of India (SBI) has hiked the marginal cost of lending rate (MCLR) by 10 basis points (bps) across all loan tenors. One basis point is equivalent to one-hundredth part of a percentage point.