SBI raises lending rates; higher EMIs expected

SBI raises lending rates; higher EMIs expected — State Bank of India has increased its external benchmark-based lending rates (EBLR) by 0.15%, effective immediately. This revision will lead to higher EMIs for retail and corporate borrowers, impacting loan affordability. The move follows rising funding costs and RBI's tight monetary stance.

📊 STOCKS: $SBIN | 🏢 SECTOR: Banking | #HIGHIMPACT #SBI