HDFC Bank cuts MCLR by 5 bps, passing on lower funding costs to borrowers, enhancing competitive lending rates.

HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points. HDFC's new rates became…

HDFC Bank cuts MCLR by 5 bps, passing on lower funding costs to borrowers, enhancing competitive lending rates.