Following State Bank of India (SBI) and Punjab National Bank (PNB), which raised their lending rates on Thursday, ICICI Bank also raised its marginal cost of funds based lending rates (MCLR) with effect from March 1, 2018. The marginal cost of funds based lending rate of ICICI Bank is now 7.95% for the overnight rate against the earlier 7.8%, a hike of 15 basis points.
