HDFC Bank raises lending rate by 5 bps on select maturity

2 hours ago 2

Private assemblage HDFC Bank connected Thursday raised the marginal outgo of funds-based lending complaint (MCLR) by 5 ground points (0.05 percent points) connected prime maturity.

The benchmark one-year tenor MCLR, which is utilized to terms astir user loans similar car and personal, has been retained astatine 9.45 per cent, according to the HDFC Bank website.

However, the overnight MCLR has risen to 9.15 per cent from 9.10 per cent, portion the one-month complaint has been accrued by 5 ground points to 9.20 per cent.

Rates connected different maturity buckets person been near unchanged, it said.

The caller rates are effectual from November 7, 2024.

The complaint hike follows the determination of RBI to support its benchmark lending complaint unchanged astatine 6.5 per cent for the tenth consecutive time.

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