Name the bank which increased its Marginal Cost-Based Lending Rate (MC – InterviewSolution

InterviewSolution

1.	Name the bank which increased its Marginal Cost-Based Lending Rate (MCLR) by 5 basis points recently.
Answer» Bank of Baroda increased its Marginal Cost-Based Lending Rate (MCLR) by 5 basis points. This would come into effect from June 7,2018. Other banks that have recently raised their MCLR rates are : SBI by 10 basis points, Punjab National Bank by 5-10 basis points, Union Bank, ICICI Bank, Kotak Mahindra Bank.

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