HDFC Bank hikes lending rates by up to 10 bps across tenors

Private assemblage lender HDFC Bank has accrued the Marginal Cost of funds-based Lending Rate (MCLR) by up to 10 ground points crossed tenors effectual June 8, 2026.

The maximum hike of 10 ground points was for loans having a maturity of 2 years to 8.55% from the earlier 8.45%.

The benchmark one-year MCLR has been revised up by 5 ground points to 8.40%, arsenic per the information disposable connected the HDFC Bank website. The one-year complaint is utilized to hole astir user loans, specified arsenic auto, idiosyncratic and location loans.

The overnight, three-month, six-month and three-year tenor MCLRs person been raised by 5 ground points to 8.10%, 8.20%, 8.35% and 8.65%, respectively.

The MCLR hike determination comes days aft the Reserve Bank connected Friday (June 5, 2026) expectedly kept involvement rates unchanged for the 2nd clip successful a enactment arsenic it weighed the interaction of rising vigor prices and proviso disruptions caused by the West Asia crisis.