New Delhi, July 7 -- Private sector lender HDFC Bank has revised its marginal cost of funds-based lending rates (MCLR), lowering the overnight lending rate by 5 basis points while increasing the rates by an equal margin across some other tenures.

The revised rates are effective from Tuesday, July 7, 2026, according to the information available on the bank's official website. One basis point is equal to one-hundredth of a percentage point.

Last month, the private lender increased its MCLR by up to 10 basis points across different tenures following the central bank's monetary policy decision to keep interest rates unchanged at 5.25%.

As per the revised rates, HDFC Bank has reduced the overnight MCLR by 5 basis points to 8.05% from 8.10%....