HDFC Bank MCLR hike: HDFC Bank – India’s largest private sector lender – on Wednesday increased its marginal cost-based lending rate (MCLR) by 0.05-0.15 per cent. The move comes a day ahead of the RBI is due to announce the outcome of its three-day, bi-monthly deliberations.

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HDFC Bank's latest hike is applicable to maturities of overnight to six months, effective immediately. MCLR is the minimum interest rate below which a bank cannot lend money.

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