SBI raises benchmark lending rates by up to 50 bps

State Bank of India (SBI) on Monday raised its benchmark lending rates by up to 50 basis points (or 0.5 per cent), a move that will lead to an increase in EMIs for borrowers. Photograph: Rupak De......

SBI hikes lending rate by 0.1%, EMIs to go up

The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures, a move that will lead to an increase......

Home loans to get cheaper as SBI cuts MCLR by 25 bps

The bank also announced that it will reduce its external benchmark linked lending rate as well as repo linked lending rate by 40 basis points from July 1. Illustration: Uttam Ghosh/Rediff.com The......

'Loan takers are seen to be benefitting at the cost of depositors'

'If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. 'Interest rates on small savings schemes are likely to be reduced......