MCLR
-
Opportunity India Desk Aug 16 2022 - 2 min readThe State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 20 basis points (bps) across tenures, a move that will make EMIs expensive. MCLR for one year, which is considered important as long-term loans like home loans are linked to this rate, is now at 7.70 per ...