SBI hikes MCLR for second time in a month, EMIs set to go up; check latest rates
State Bank of India, the country's largest lender, has raised its marginal cost of funds based lending rate (MCLR) across all tenures. The decision to hike MCLR will lead to an increase in EMIs for borrowers.
As per the bank's website, overnight, one-month and three-month MCLR has increased from 7.05% to 7.15%. Pic: Reuters