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 Post navigation Previous: Mallya barred from markets for three more years: SebiNext: Trump slams TV host for insulting Ivanka More Stories Business India Top Stories Everest, Laljee Godhoo barred from selling compounded hing powder: FSSAI Abhinandan August 29, 2026, 6:50 PM IST Business India Top Stories Tata Sons Chairman N Chandrasekaran resigns ahead of AGM; will not seek reappointment Abhinandan August 12, 2026, 12:32 PM IST Business Gold, silver trade higher amid weaker dollar, geopolitical uncertainty Abhinandan June 4, 2026, 2:23 PM IST
