New Delhi – SBI increased its lending rates by 20 basis points to 8.15 per cent, with immediate effect, setting the tone for the industry to follow suit.With this increase home and car loans are likely to became more costlier.This is the first lending revision by the SBI since April 2016 and comes a day after it massively raised the retail and bulk deposit rates.For retail deposits, below 1 crore rupees, the rate was increased by up to 0.50 per cent, while for deposits maturing in one year to less than two years, it was hiked by 0.15 per cent to 6.40 per cent.