News > HDFC Bank hikes lending rates by 0.35%

HDFC Bank hikes lending rates by 0.35%

The country's largest private sector lender HDFC Bank on Tuesday announced a 0.35 percent hike in lending rate. The hike, which comes a day ahead of the RBI's scheduled policy review, is the second such move from the lender in as many months, taking the cumulative hike to up to 0.60 percent.

The one-year MCLR, on which a bulk of consumer loans are pegged, will be 7.85 percent after the newest review as against 7.50 percent earlier.