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# HDFC Bank raises MCLR and lending rates across tenors in India
- URL: https://www.theglobalbanker.com/hdfc-bank-raised-mclr-and-lending-rates-across-tenors-in-india/
- Published: 2026-06-09T07:07:13.000Z
- Updated: 2026-10-01T23:47:55.000Z
- Description: HDFC Bank raised lending rates by up to 10 basis points across tenors, including a 5 basis point increase in the one-year benchmark MCLR to 8.40 percent, the bank said.
- Author: TGB Editorial Team
- Tags: Banking News, Asia-Pacific

HDFC Bank raised lending rates across tenors, increasing the benchmark one-year marginal cost of funds based lending rate, or MCLR, by 5 basis points to **8.40 percent** and hiking other tenors by as much as **10 basis points**.

#### IMPACT ON BORROWERS

The one-year MCLR is used to price most consumer loans, such as auto, personal and home loans. 

The maximum increase of 10 basis points was for the two-year tenor, to 8.55 percent from 8.45 percent, while the overnight, three-month, six-month and three-year MCLRs were each raised by 5 basis points, to 8.10 percent, 8.20 percent, 8.35 percent and 8.65 percent respectively.

#### MARKET AND POLICY CONTEXT

HDFC Bank's revision took effect on June 8, days after the Reserve Bank of India on June 5 kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis.

**Sources:** [The Hindu Business Line Banking](https://www.thehindubusinessline.com/money-and-banking/hdfc-bank-hikes-lending-rates-by-up-to-10-bps-across-tenors/article71079528.ece)