SBI hikes lending rate by 0.1 pc; EMIs to go up

SBI hikes lending rate by 0.1 pc; EMIs to go up

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