SBI, HDFC, ICICI and PNB hike lending rates: Your EMIs to go up, new loans to be costlier; what you should do

Costlier loans on cards: The largest public sector bank, SBI has also increased its Marginal Cost of funds based Lending Rate (MCLR) by 5 basis points with effect from October 1.

SBI, HDFC, ICICI and PNB hike lending rates:
Other banks are also expected to follow the move and hike their lending rates before the RBI Monetary Policy meeting. PTI

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