Malayan Banking Bhd (Maybank) and RHB Bank Bhd, together with their Islamic banking arms, became the first banks to raise base lending and financing rates as well as deposit rates following the overnight policy rate (OPR) hike by Bank Negara last Thursday.
The central bank revised upwards the OPR by 25 basis points to 3% while the statutory reserve requirement (SRR) was increased 100 basis points to 3%……………………………………….Full Article: Source