News - SBI may hike its short-term lending rates soon.The development comes following Reserve Bank India hiking its short term repo rate by 0.25% to 8%. The reverse repo rate, at which RBI borrows money from banks in exchange of the government papers.Following the repo rate hike, HDFC Bank, Bank of India, Indian Bank and Union Bank of India also indicated that they might pass on the additional burden to customers.
No comments:
Post a Comment