Some big lenders have increased their MCLR in anticipation of RBI raising repo rate, at which it lends money to banks.
Tag: INTEREST RATES
Interest Rate Hike To Hurt India’s Growth Prospect, Hit Biz Sentiment: Industry
CII believes that raising interest rate would hurt growth while proving unequal to the task of tackling inflation.
Loans To Get Costlier As Banks Increase Their MCLR
This new regulation would affect common people and businesses as they would have to pay higher interests for loans.