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HDFC Rate Hike

HDFC Bank Increases Interest Rates By 15 bps, Leading to Higher Loan EMIs

by Craig Fedirighi
HDFC Bank Increases Interest Rates By 15 bps, Leading to Higher Loan EMIs

HDFC Bank has recently increased its benchmark marginal cost of funds-based lending rates (MCLR) by up to 15 basis points, starting from August 7, 2023. This means that the bank …

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