2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Bank of India
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Dena bank
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Canara Bank
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Yes Bank
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Detailed explanation-1: -The latest loan interest rates come into effect on January 12, 2022. MCLR has surged from 7.50 percent to 7.85 percent for overnight tenure. The MCLR for one month has been raised from 7.95 percent to 8.15 percent. The MCLR for three-month tenure has climbed from 8.05 percent to 8.25 percent.
Detailed explanation-2: -The EBLR rate of SBI is 6.65% while repo-linked lending rate (RLLR) is 6.25% with effect from 1 April 2022. An overnight one-month and three-month MCLR have increased to 6.75% while the six-month MCLR has hiked to 7.05%.
Detailed explanation-3: -2. As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect.
Detailed explanation-4: -Based on an assessment of the macroeconomic situation and its outlook, the MPC decided by a majority of 4 members out of 6 to increase the policy repo rate by 25 basis points to 6.50 per cent, with immediate effect.