HDFC Bank revises MCLR for select loan tenures
HDFC Bank has updated its Marginal Cost of Funds-based Lending Rate (MCLR), with the revised rates taking effect from July 7. The bank has reduced the overnight MCLR by 5 basis points (bps), while raising the one-year and three-year MCLRs by 5 bps each. One basis point equals 0.01 percentage point. Following the revision, HDFC…
