[ad_1] State-owned Canara Bank on Thursday announced a hike in the benchmark lending rate by 5 basis points across some tenures, a move that could increase the cost of borrowing. The revised marginal cost of funds-based lending rate (MCLR) across various tenors would be effective from October 12, Canara Bank said in a regulatory filing. […]
Indian PSU banks announce marginal lending rate hikes – CNBC TV18
[ad_1] Three major public sector banks in India have announced increases in their marginal cost of funds-based lending rates (MCLR), effective from August 10 and August 12. The adjustments will affect various loan tenures, making borrowing slightly more expensive for consumers and businesses. The moves reflect the banks’ responses to current economic conditions and the […]