SBI increases lending rate by 50 basis points post RBI's repo rate hike; Axis bank also raises interest rates on FDs

[BrunGa]

SBI increases lending rate by 50 basis points post RBI's repo rate hike; Axis bank also raises interest rates on FDs SBI has announced to hike lending rate by 50 basis points after RBI increased repo rate on Friday to 5.90%. Joining the league, Axis bank has also increased interest rates on FDs under Rs 2 crore.