More Stories

Informist, Friday, Aug. 8, 2025

MUMBAI - HDFC Bank Ltd. has reduced the marginal cost of funds-based lending rate by 5 basis points on most tenures. The rate was lowered by 5 bps on all tenures except two-year loans, where it was kept unchanged. The revised rates came into effect from Thursday, according to information on the bank's website.

The private sector bank's decision to cut rates comes after the Reserve Bank of India's Monetary Policy Committee lowered the policy repo rate by 50 bps to 5.50% in June. The rate-setting panel has lowered the repo rate by a total of 100 bps so far this year. HDFC Bank had lowered the MCLR-based lending rate by 30 bps in July as well.

The RBI's norms require banks to review their MCLR every month. At 1000 IST, shares of HDFC Bank were 0.4% lower at INR 1987.30 on the National Stock Exchange.

HDFC Bank's marginal cost of funds-based lending rates for various tenures are as follows:

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Pratiksha

Edited by Avishek Dutta

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.