Question

    Which bank increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenures, effective from June 15?

    A HDFC Bank Correct Answer Incorrect Answer
    B ICICI Bank Correct Answer Incorrect Answer
    C Axis Bank Correct Answer Incorrect Answer
    D Kotak Mahindra Bank Correct Answer Incorrect Answer
    E State Bank of India (SBI) Correct Answer Incorrect Answer

    Solution

    SBI hiked its MCLR rates despite the RBI holding the key interest rate unchanged.

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