Published - March 07, 2018 02:59 pm IST - Mumbai
After State Bank of India and ICICI Bank, HDFC Bank has increased its marginal cost of fund based lending rate — the benchmark rate to which all the loans are linked.
The second largest private sector lender has increased the one year MCLR by 10 bps to 8.30%, according to its website. The new rate came into effect from March 7, 2018.
While one year MCLR of SBI is at 8.15%, for ICICI Bank it is at 8.30%.
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