Current Affairs - Banking - Discussion

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.