SBI Hikes Lending Rate To 8.15%

Posted on:02 Mar 2018 13:06:41
SBI Hikes Lending Rate To 8.15%
02 March 2018 Current Affairs: The State Bank of India raised its lending rates by 20 basis points to 8(point)15 percent, with immediate effect, setting the tone for the industry to follow suit.

This is likely to make home and car loans costlier. 

This is the first lending revision by the bank since April 2016 and comes a day after it massively raised the retail and bulk deposit rates.

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