SBI raises MCLR by 15 bps across five tenors

16 Oct 2026, 07:14 pm IST·1 source·Medium coverage confidence

In short

SBI raised its lending benchmark, MCLR, by 15 basis points across five tenors. The move came after the RBI raised the repo rate by 25 basis points to 5.50% from 5.25%.

This matters because loans tied to SBI’s MCLR can become costlier. The report does not say which borrowers will feel the change most.

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Publisher's headline: “SBI ups marginal cost of funds-based lending rates by 15 basis points across five tenors”

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Sources used for this explanation: BusinessLine Money & Banking

What the reporting says

SBI raised its marginal cost of funds-based lending rates by 15 basis points across five tenors, according to a BusinessLine Money & Banking summary. The report says the increase came after the RBI’s rate-setting panel lifted the repo rate by 25 basis points from 5.25% to 5.50%. The immediate consequence is higher lending rates linked to SBI’s MCLR, while the full borrower impact is not stated.

Why it matters

SBI increased its marginal cost of funds-based lending rates by 15 basis points across five tenors after the RBI’s rate-setting panel raised the repo rate from 5.25% to 5.50%, according to the summary. The move points to higher borrowing costs for loans linked to MCLR. The report does not specify the timing of the rate change beyond the cited RBI action or the borrower segments most affected.

Where this came from

BusinessLine Money & BankingRead the original ↗

SBI raises MCLR by 15 bps across five tenors

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