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Informist, Thursday, Jul. 10, 2025
NEW DELHI – HDFC Bank Ltd. has reduced the marginal cost of funds-based lending rate by 30 basis points on most tenures. The rate was lowered by 30 bps on all tenures except two-year loans, where it was reduced by 35 bps. The revised rates came into effect from Monday, according to information on the bank's website.
The private sector bank's decision to cut rates came after the Reserve Bank of India's Monetary Policy Committee lowered the policy repo rate by 50 bps to 5.50% in June. HDFC Bank had lowered the MCLR-based lending rate by 10 bps in June as well.
The RBI's norms require banks to review their MCLR every month. On Wednesday, shares of HDFC Bank ended 0.5% higher at INR 2,011.20 on the National Stock Exchange.
HDFC Bank's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 8.60 | 8.90 |
| One month | 8.60 | 8.90 |
| Three months | 8.65 | 8.95 |
| Six months | 8.75 | 9.05 |
| One year | 8.75 | 9.05 |
| Two year | 8.75 | 9.10 |
| Three year | 8.80 | 9.10 |
End
Reported by Shubham Rana
Edited by Ashish Shirke
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