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SBI has increased its marginal cost of funds based lending rates (MCLR) by 5 to 10 basis points (BPS) for most tenures.

Loans to become more expensive according to SBI’s new guidelines, know the details

It's been more than 22 months since the repo rate was last changed, when it was cut to 4% on May 22, 2020, the lowest level since April 2001

RBI raises Interest rate, repo rate jumps from 4% to 4.40%, Higher EMI rate; Sensex dropped 900 points

The Supreme Court observed that decisions relating to economic policy matters should be left with the government.

The average marginal lending rates of the bank have risen from 10.38 percent in January to 10.42 percent in April