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| 1. |
SBI, ICICI and __________ raised the lending rate making the loans costlier. |
| Answer» India's major banks SBI, PNB and ICICI bank raised the lending rate making the loans costlier. They increased their benchmark lending rate (MCLR) by 10 basis points or by 0.1 %. SBI has increased its lending rate by 10 basis points for all tenors upto 3 years. The MCLR for overnight and one month tenors is for 7.9% and for the three years tenor is 8.45%. PNB has raised tenors for 3 and 5 years to 8.55% and 8.7% PNB has also raised the base rate of 9.15% to 9.25%. ICICI has raised MCLR for 5 year tenors to 8.70% and also changed tenors for three and one year. | |