After that, the Reserve Bank of India (RBI) raised rates on the repo rate by 50 basis points on September 30th, 2022; several banks in India, including SBI, ICICI Bank, and HDFC, have announced an increase in the rates of lending. After an additional increase in a row, which is a 190-basis point increase, the apex bank … Continue reading Banks start interest hike after RBI increases repo rate by 50 bps