Important StoriesMutual funds suspend bulk subscriptions to gold ETFs ahead of festival seasonChina considers new export curbs on solar, AI, biotechAir India extends cancellation of Saudi Arabia flights till Oct 20Reliance hits back at Musk, says Jio’s satellite services also await clearancesIndia-US trade pact would be concluded at earliest, in interest of global trade: FMFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. SBI ups marginal cost of funds-based lending rates by 15 basis points across five tenors The hike in MCLRs comes in the wake of the RBI’s rate setting panel increasing the repo rate by 25 basis points from 5.25 per cent to 5.50 per cent By BL Mumbai Bureau Updated - October 16, 2026 at 07:14 PM.×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/sbi-ups-marginal-cost-of-funds-based-lending-rates-by-15-basis-points-across-five-tenors/article71592861.eceCopy Mumbai: State Bank of India has upped its marginal cost of funds-based lending rates (MCLRs) by 15 basis points across five tenors from three months through three years. The bank left term deposit rates unchanged. The hike in MCLRs, effective from October 15, comes in the wake of the RBI’s rate setting panel increasing the repo rate by 25 basis points from 5.25 per cent to 5.50 per cent on October 7.

The new MCLRs are : three months (8.40 per cent against 8.25 per cent earlier); six months (8.75 per cent; earlier: 8.60 per cent); one-year (8.85 per cent; earlier: 8.70 per cent); two-years (8.90 per cent; earlier: 8.75 per cent); and three years (8.95 per cent; earlier: 8.80 per cent). Overnight and one-month MCLRs remain unchanged at 7.85 per cent each.

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