Current Affairs - Banking - Discussion

Bank of Baroda increased its Marginal Cost-Based Lending Rate (MCLR) by 5 basis points. This would come into effect from June 7,2018. Other banks that have recently raised their MCLR rates are : SBI by 10 basis points, Punjab National Bank by 5-10 basis points, Union Bank, ICICI Bank, Kotak Mahindra Bank.