Home Loans To Get Costlier As SBI, ICICI Bank, PNB, HDFC Raise Lending Rates Ahead Of RBI Policy

With effect from June 1, country's largest lender State Bank of India (SBI) raised its marginal cost of funds based lending rates (MCLR) by 10 basis points across the tenors. The overnight MCLR has been raised to 7.9 per cent with effect from Friday. The one-month MCLR, likewise, has been raised to 7.9 per cent, 10 basis points higher than the earlier rate. The three month MCLR will now stand at 7.95 per cent. The State Bank of India...