HDFC Bank has raised its marginal cost of funds-based lending rates by 20-25 basis points across loan tenures, on Saturday, the lender said on its website.
The interest rates on loans given by the bank will now be in the range of 8.50-9.05%.
The private bank increased the MCLR by 5–10 bps across tenures in December.
Banks must assess their lending rates regularly in accordance with Reserve Bank of India regulations, which base them on the marginal cost of capital.
(To receive our E-paper on WhatsApp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)