SBI Shocks Crores of Customers with Increased EMI for Loans
State Bank of India (SBI), the largest public sector bank in India, surprised its customers by announcing a 0.05 percent increase in its Marginal Cost of Funds Based Lending Rate (MCLR) on November 14, 2024. This increase comes despite a global trend of falling interest rates, with the Reserve Bank of India (RBI) expected to … Read more