Business Banking majors hike MCLR rate for one-year loan Ruchi Baweja June 2, 2018, 12:08 AM IST Mumbai : Banking majors SBI and PNB on Friday hiked their benchmark marginal cost of funds based lending rate (MCLR) for its one-year loans by 10 basis points, effective from June 1. A basis point is equivalent to 0.01 percentage point. Published on: Jun 2, 2018 at 00:08 IST IANS Tags: PNB, SBI Continue Reading Previous Get up to Rs 5 cr for information on tax evasion, benami transactionsNext M.K. Jain appointed RBI Deputy Governor More Stories Business India Top Stories Who is Sanjay Malhotra appointed as next RBI Governor? Abhinandan December 9, 2024, 6:40 PM IST 0 Business India Top Stories Noel Tata appointed Chairman of Tata Trusts Abhinandan October 11, 2024, 3:18 PM IST Business India Top Stories RBI retains repo rate at 6.5 pc, FY25 growth at 7.2 pc Abhinandan October 9, 2024, 1:38 PM IST
