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SBI Increases Its Lending Rates By 50 Bps

SBI increases EBLR up to 8.55 per cent while RLLR to 8.15%

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State Bank of India, country's largest state-run bank, has also increased lending rates by 50 bps. Home loan borrowers will be directly impacted due to this increase.

SBI has given information about this on its official website. After this increase, the EBLR of State Bank has gone up to 8.55 per cent. At the same time, RLLR has increased to 8.15 per cent. This increase is effective from Saturday itself.

On Friday, the Reserve Bank of India had increased the interest rate for the fourth time. After this increase, the repo rate has increased to 5.90 per cent. However after this, private sector giant HDFC has also increased its lending rates by 0.50 per cent.

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state bank of india lending rates