HDFC Bank hikes lending rates by up to 10 bps across tenors
HDFC Bank has increased its Marginal Cost of funds-based Lending Rate (MCLR) by up to 10 basis points across various tenors. This adjustment follows the Reserve Bank of India's decision to keep interest rates unchanged amid global economic pressures.
Why it matters
The hike directly impacts the cost of consumer loans, including home and auto loans, affecting the borrowing power of the general public.
Private sector lender HDFC Bank has increased the Marginal Cost of funds-based Lending Rate (MCLR) by up to 10 basis points across tenors effective June 8, 2026.
The article is a factual report on financial policy changes.
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