After the increase in the repo rate by the Reserve Bank of India, other banks have also started increasing their interest rate. The banks including Bank of Baroda, Jammu and Kashmir Bank, and the Central Bank of India have raised lending rates for their customers. Zee Business report.
Repo is the rate at which RBI lends to banks for their short-term borrowing needs.
Bank of Baroda has increased its repo-linked lending rate today by 0.50%. After which the repo-linked lending rate of BOB has gone up to 7.04%.
Apart from this, J&K Bank has also increased its repo-linked lending rate by 0.50% to 7.85%. J&K Bank has also increased the MCLR by 0.50%.
Whereas the Central Bank of India has increased the MCLR by 0.15%.
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बैंक ऑफ बड़ौदा ने बढ़ाई ब्याज दरें
J&K बैंक ने रेपो लिंक्ड लेंडिंग रेट बढ़ाया
सेंट्रल बैंक ऑफ इंडिया ने की MCLR में 0.15% बढ़ोतरी
— Zee Business (@ZeeBusiness) June 10, 2022