BoI raises lending rate by 10 basis points

State-owned Bank of India (BoI) has announced a hike in lending rate by 10 basis points, a move which will make loans, including retail, expensive. The lending rate increase comes ahead of the monetary policy announcement by the Reserve Bank of India on April 5. The new rate would be effective from April 1, BoI said in a regulatory filing on Saturday https://ift.tt/RlXv6bL