HDFC Bank hikes MCLR by 0.20% in third consecutive increase in rates

The country’s largest private sector lender HDFC Bank on Thursday announced a 0.20 per cent hike in its marginal cost of funding based lending rate across all tenors

This is the third such move by the lender in as many months since May, and takes the overall quantum of the rate hikes to 0.80 per cent. Source: Reuters