Finance blog

Banking

HDFC Bank increases MCLR for various tenors

HDFC Bank has officially increased its MCLR (marginal cost of funds based lending rate) for one, two and three year loan tenors. These rates now stand at 8.75%, 8.90% and 9.05% respectively as per reports. This decision to increases MCLR rates comes after a drop in the bank’s CASA (current account savings account) ratio. The […]

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