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HDFC Bank cuts 2-year MCLR; BOB hikes for 1 year

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Abhijit Lele
Last Updated : Jun 08 2016 | 12:52 AM IST
Private sector lender HDFC Bank has reduced its marginal cost of funds-based lending rate (MCLR) - the benchmark to price loans - by five basis points for one-month bucket to 8.95 per cent and 9.25 per cent for the two-year bucket.

Public sector lender Bank of Baroda hiked MCLR for one year by 10 basis points to 9.4 per cent.

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First Published: Jun 08 2016 | 12:30 AM IST

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