Mumbai: In a move that may make home loans costlier,
country’s largest lender State Bank of India (SBI) today raised its
lending rates by 20 basis points to 8.15 per cent with immediate effect.
Scam-hit PNB followed suit, raising its lending rate by 15 basis points
to 8.30 per cent.
This is the first lending revision by the SBI
since April 2016 and comes a day after it massively raised the retail
and bulk deposit rates.
The PNB has also increased its retail and build
deposit rates by up 45 basis points on various maturities.
PTI