SBI, PNB, ICICI Bank raise lending rates, make home, auto, other loans costlier
Country's second largest private bank ICICI Bank too said it has raised five-year tenor MCLR by 10 bps to 8.70 per cent. It has also raised the MCLR by 10 bps in loans with tenor of one year and three years. However, lending rate remains unchanged in case of loans up to three months.
Days ahead of RBI's monetary policy review, India's three major banks SBI, PNB and ICICI Bank today increased their benchmark lending rates or MCLR by up to 0.1 per cent. Image source: IANS