State Bank of India (SBI) has raised its marginal cost of funds-based lending rate (MCLR) by 10 basis points, or 0.1%, across all tenures. The move will result in a rise in EMIs for loans which are linked to MCLR, which is effective from Saturday. The one-year MCLR has now been increased to 8.75% while the overnight MCLR is 8.10%.