Letters: Fuzzy matter

With reference to Debashis Basu’s article, “Home loans loot: Whose side is RBI on” (August 21), I would like to add that it is not just that banks are not reducing their marginal cost of funds-based lending rate (MCLR) or passing on the benefit for loans. I experienced a strange case of one of the foreign banks (HSBC) increasing the MCLR immediately after the first three months, and that too by 25 basis points.
 
This is a quarterly reset based on MCLR, but in the last quarter, I cannot understand if the cost of funds for the bank or