HDFC Bank increases its lending rates by up to 10 basis points across multiple loan tenors, according to reports from The Hindu and The Economic Times. The changes apply to loans with different maturity periods, with the highest increase of 10 basis points affecting certain tenors, while other maturities see smaller adjustments within the same range. The Hindu specifies that loans with a two-year maturity are raised to 8.55% from 8.45%, reflecting the maximum 10 basis-point hike. The Economic Times reports the overall increase of up to 10 bps but does not provide additional tenor-specific details in the provided excerpt. The bank’s move is presented as a revision to its lending rates, affecting the interest customers pay depending on the tenor of the loan. Across sources, the central point is that the rate increases are capped at 10 bps and are implemented across tenors rather than a single loan term.
HDFC Bank raises lending rates by up to 10 basis points
HDFC Bank increases its lending rates by up to 10 basis points across multiple loan tenors, according to reports from The Hindu and The Economic Times. The changes apply to loans with different maturi...
- HDFC Bank raises lending rates by up to 10 basis points.
- The increase applies across multiple loan tenors.
- The maximum hike is 10 bps for certain maturities.
- For a two-year maturity, the rate increases to 8.55% from 8.45%.
- The Economic Times and The Hindu both report the overall up-to-10 bps adjustment.
The maximum hike of 10 basis points was for loans having a maturity of two years to 8.55% from the earlier 8.45%
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