Big Blow To Loan Borrowers! EMIs To Go Up? ICICI, Bank Of India Hikes Their Lending Rates; Check Posted on November 2, 2023 By Admin No Comments on Big Blow To Loan Borrowers! EMIs To Go Up? ICICI, Bank Of India Hikes Their Lending Rates; Check Implemented by the RBI on April 1, 2016, MCLR serves as the minimum lending rate below which a bank is not allowed to lend. Source link Business