New Delhi, June 9 -- Private sector lender HDFC Bank has revised its marginal cost of funds-based lending rates (MCLR), increasing them by up to 10 basis points across different tenors. The revised rates came into effect on Monday, June 8, 2026.

The MCLR hike decision comes days after the central bank on Friday kept interest rates unchanged at 5.25% for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis.

Marginal cost of funds-based lending rate is the internal benchmark set by banks to determine minimum lending rates, as mandated by the Reserve Bank of India (RBI). Introduced in April 2016, MCLR replaced the older base rate system with an aim to make interest ...