State Bank of India Raises Lending Rates: A Deeper Dive into MCLR Hikes, Fixed Deposit Rates, and Their Impact on Borrowers

The State Bank of India (SBI), India’s biggest public sector bank, has publicly announced that the Marginal Cost of Funds Based Lending Rate (MCLR) increase among different loan tenures. The borrowers who are affected by this move are very concerned with the possibility that their loan EMIs are to rise. In its mobility, starting from … Read more