The Marginal Cost of Funds-Based Lending Rate (MCLR) serves as the minimum interest rate that HDFC Bank must charge for its ...
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However, HDFC Bank, the largest private-sector bank ... SBI had 35.6% of its total bank advances of ₹39.2 trillion at the end ...
The rate adjustment raises the overnight and one-month tenures by 5 basis points each, with a similar 5 bps increase for the ...
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New loan rates: Private lender HDFC Bank has implemented revisions to its Marginal Cost of Funds-Based Lending Rates (MCLR) ...
HDFC Bank on Thursday raised the marginal cost of funds-based lending rate (MCLR) by 5 basis points (0.05 percentage points) on select maturity. The benchmark one-year tenor MCLR, which is used to ...
When MCLR is raised, loan EMIs typically go higher. Since MCLR rates are more dynamic, any change in these rates lead to tweak in the lending rates, thus impacting the loan EMIs.
You can either take advantage of online banking services or visit the nearest branch of your bank. (Image: Freepik ...