Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1747)

2018-09-03 Banking

1747.

ICICI increased its benchmark lending rates by how many poiints?

0.11%

0.13%

0.15%

0.20%

Answer: Option

Explanation:

ICICI increased its benchmark lending rates or MCLR by 0.15 percent. This changes are effective from September 1, 2018. This made home, auto and other loans would become costlier. It comes after the Reserve Bank of India (RBI) hiked benchmark lending rate called repo rate by 25 basis points to 6.5 percent.