yes bank increased lending rates by 20-50 bps during the following tenure on Monday reserve Bank of IndiaThe decision to increase the benchmark repo rate by 50 basis points to 5.90 percent on Friday.

This is the fourth straight increase in the current cycle, as policymakers intensify their fight to keep the retail inflation rate above target.

according to reserve Bank of India Banks are also increasing lending rates as liquidity tightens.

Growth in private sector lender after RBI HDFC Increase in retail prime lending rate also (RPLR) up to 0.50% with effect from October 1, 2022. The increased interest rate will be reflected in the monthly EMI of customers from the next reset date.

State Bank Of India has increased the repo-linked lending rate (RLLR) to the external benchmark lending rates.EBLR) by 50 basis points.

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inputs from agencies)