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SBI has increased its lending rate by how many basis points for all tenors upto 3 years?
  • a)
    5
  • b)
    25
  • c)
    20
  • d)
    10
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
SBI has increased its lending rate by how many basis points for all te...
SBI has increased its lending rate by 10 basis points for all tenors upto 3 years. The MCLR for overnight and one month tenors is for 7.9% and for the three years tenor is 8.45%. PNB has raised tenors for 3 and 5 years to 8.55% and 8.7%. PNB has also raised the base rate of 9.15% to 9.25%.ICICI has raised MCLR for 5 year tenors to 8.70% and also changed tenors for three and one year.
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SBI has increased its lending rate by how many basis points for all tenors upto 3 years?a)5b)25c)20d)10Correct answer is option 'D'. Can you explain this answer?
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