HDFC Bank hikes MCLR by up to 5 basis points; here are the latest HDFC Bank lending rates

Quick Summary:

HDFC Bank has raised its Marginal Cost of Funds-Based Lending Rate (MCLR) by up to 5 basis points for short-term loans.

The overnight MCLR now stands at 9.20%, effective December 7, 2024.

This rate limit is set in stone for borrowers unless specified otherwise by the Reserve Bank of India.

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Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: Business news Hdfc bank mclr HDFC Bank MCLR rates Hdfc bank What is mclr MCLR definition HDFC Bank Loan Rates Marginal cost of funds-based lending rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 17:01:09 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 804 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24268390

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