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 Oil Marketing Companies hike commercial LPG and aviation fuel prices from October 1 Abhinandan October 1, 2026, 10:44 AM IST 0 Business India Cabinet okays hike in EPFO wage ceiling to Rs 25,000, 51 lakh workers to benefit Abhinandan September 16, 2026, 6:32 PM IST Business World New Zealand Parliament approves India FTA, tariffs to fall on most exports Abhinandan September 16, 2026, 1:21 PM IST
