SBI MCLR rates News
MCLR had already increased by the bank in December 2022.
The new rate is now 8.4 percent.
The new rate goes into effect tomorrow.
SBI's one-year MCLR was raised to 7.20 percent on May 15 from 7.10 percent previously.
The six-month MCLR has been increased from 7.05 percent to 7.15 percent.
RBI increased the policy repo rate to 4.4 percent from 4 percent earlier this month.
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