HDFC Bank hikes MCLR by 5 basis points on 6 months, 3 year tenure
Private sector lender HDFC Bank has hiked its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) on six-month and one-year tenure to 9.45 per cent and 9.50 per cent, respectively, making loans costlier for borrowers of the bank. The lender has left MCLR on other tenures unchanged, in the range of 9.10 per cent-9.50 per cent.