SBI MCLR hike: SBI increased its two-year MCLR from 8.65 per cent to 8.75 per cent. Also, the bank’s three-year MCLR has been increased from 8.75 per cent to 8.85 per cent.
SBI MCLR hike: A higher MCLR will lead to higher interest rates and higher EMIs for borrowers, image- Reuters
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