Banks hike loan interest rates: ICICI Bank, PNB, Bank of India increase MCLR on loans

[IndiaInsurance]

https://img.etimg.com/photo/95904278.cms (https://economictimes.indiatimes.com/wealth/borrow/banks-hike-loan-interest-rates-icici-bank-pnb-bank-of-india-increase-mclr-on-loans/articleshow/95904278.cms)The lending rate based on the marginal cost of funds has increased at large banks like ICICI Bank, Punjab National Bank (PNB), and Bank of India (MCLR).

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