HDFC Bank raises MCLR by 10 basis points from February 7

作者:Deborah 發表日期:2018-05-28 05:24:16

Private sector lender HDFC Bank on Wednesday increased the Marginal Cost of Funds based Lending Rates (MCLR) by 10 basis points (bps) for some tenures.

The bank has raised MCLR for six months, one year and two years to 8 percent, 8.20 percent and 8.30 percent, respectively.

The move comes after the Monetary Policy Committee kept key interest rates unchanged on Wednesday but warned of higher inflation going ahead.

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Customers expecting loans to get cheaper will be in for a disappointment as the increase in bank’s MCLR indicates that loans are going to get costlier.

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MCLR is calculated after factoring in banks' marginal cost of funds (mainly, interest at which they borrow money), return on equity (a measure of banks' profitability), and negative carry on account of cash reserve ratio.

MCRL was implemented by the Reserve Bank of India from April 1, 2016, due to limitations of the Base Rate regime.

According to, MCLR is the lowest interest rate that a bank or lender can offer that aims at improving transmission of the policy rate into lending rates of the banks and bring transparency in the method followed by banks for determination of interest rates.


轉載請注明:Deborah 2018-05-28 05:24:16 於 香港資訊熱播 發表

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