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SBI, BoB increase lending rate by up to 0.1 pc

SBI, BoB increase lending rate by up to 0.1 pc

State Bank of India (SBI) and other major lenders including Bank of Baroda (BoB), Axis Bank and Kotak Mahindra Bank are increasing their benchmark lending rates by up to 0.10 per cent.

Inflation is expected to rise from its current level, range between 4.2-4.6 per cent says RBI

Inflation is expected to rise from its current level, range between 4.2-4.6 per cent says RBI

Mumbai, Oct 4 (IBNS): In its Fourth Bi-monthly Monetary Policy Statement, 2017-18, on Wednesday, the Monetary Policy Committee (MPC) of Reserve Bank of India decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent on the basis of an assessment of the current and evolving macroeconomic situation .