SBI, BoB raise MCLR by 5-10 bps
New Delhi, July 17, 2024. Public Sector lenders, including State Bank of India and Bank of Baroda have increased their marginal cost of funds based lending rates (MCLR). The move is likely to be followed by other lenders also, resulting in an increase in borrowers equated monthly instalments (EMIs). The country’s largest lender State Bank…