SBI has increased rates on all deposits over one year and these come into effect from Wednesday. Most of the bank’s deposits are in the above one-year category. Given that the benchmark rate for loans is determined by cost of funds, there is a strong likelihood that the bank will increase its marginal cost of lending rate in coming months.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KEWs31
