BusinessPhoto: News18 BusinessSBI Raises Lending Rates Following RBI Repo Rate Hike
State Bank of India (SBI) has increased its lending rates across key benchmarks after the Reserve Bank of India raised the repo rate by 25 basis points. Effective October 15, SBI's External Benchmark-linked Lending Rate rose to 8.15%, and the Repo Linked Lending Rate to 7.75%. Marginal Cost of Funds-based Lending Rates for select tenures were also increased by 15 basis points, impacting borrowing costs for customers.
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