Watch: SBI hikes 1-yr MCLR by 20 bps to 8.15 pct

State Bank of India, which accounts for more than a fifth of India's banking assets, raised the key 1-year MCLR to 8.15 percent from 7.95 percent, according to a notification on Thursday. It is the first hike since the inception of a new lending rate system in April 2016. (Text: Reuters)