HDFC Bank hikes MCLR rates by up to 15 bps on overnight to six months tenure; EMIs to go up

HDFC Bank has increased benchmark marginal cost of funds-based lending rates (MCLR) by 5 to 15 basis points across tenures ranging from overnight to six months. The one-year MCLR is unchanged at 9.05%, while two-year and three-year rates remain at 9.10% and 9.20%.

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