Company updateMint
HDFC Bank raises MCLR by 5-15 bps across tenures
Negative-173 sources
GreyOak summary
HDFC Bank increased its Marginal Cost of Funds-based Lending Rate (MCLR) by 5 to 15 basis points across all seven tenures effective November 7. The new rates range from 7.85% to 8.70%, following the RBI's recent policy rate hike. This revision is expected to increase borrowing costs for customers with floating-rate loans linked to MCLR.
What it affects
- HDFC BankHDFCBANKNegative -17
Raised MCLR by 5-15 bps across tenures.Rolling sentiment Neutral +10
Source
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