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Context from Wikipedia on the organisations, people and places in this story.
British music recording and publishing company
EMI Group Limited was a British transnational conglomerate founded in March 1931 in London. At the time of its acquisition by Universal Music in 2012, it was the fourth largest business group and record label conglomerate in the music industry, and was one of the "Big Four" record companies. Its labels included EMI Records, Parlophone, Virgin Records, and Capitol Records. Following EMI's dissolve, most were acquired by Universal Music Group. Parlophone was acquired by Warner Music.
More on Wikipedia ↗SBI has adjusted its EBLR, RLLR, and MCLR rates for various tenures.
In response to a recent 25 bps hike, the State Bank of India has updated its home loan interest rates. Those linked to the External Benchmark Linked Rate will need to revise their equated monthly installments. Borrowers can mitigate the impact through options like adjusting EMIs or extending the loan period.
SBI revises MCLR rates from October 15, 2026, raising five tenures by 15 bps. Check the latest rates and what SBI Chairman C S Setty said about FD rates.