Reserve Bank of India’s (RBI) monetary policy

SBI Raises Benchmark Lending Rate By 0.7%

The country's largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent. The announcement would make loan repayment linked to BPLR costlier. The current...