PERSONAL-FINANCE
SBI hikes MCLR, Loan Interest Rate: State Bank of India (SBI), the country's largest lender, has increased its marginal cost of funds based lending rate (MCLR) by 10 basis points. The revised rates will be effective from today, August 14, the public sector bank updated on its website. SBI has raised its overnight MCLR from 8.10 per cent to 8.20 per cent. The monthly MCLR has increased from 8.35 per cent to 8.45 per cent. The 3-month MCLR has also gone up by 10 basis points, from 8.40 per cent to 8.50 per cent. Get Latest Business News , Stock Market Updates and Videos ; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Business Twitter and Facebook . Subscribe on YouTube . None
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