SBI hikes MCLR-based lending rates by 10 bps
For the fortnight ending January 13, credit growth rose 16.5% annualised as against 10.6% growth in deposits. According to the SBI website, the bank has increased the overnight lending rate, based on the marginal cost of funds-based lending rate, by 10 bps to 7.95%, while the same for one-and three-month maturity has been increased to 8.10%.
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