HDFC Bank has increased its overnight MCLR by 5 basis points to 9.20%, effective February 7, 2025, while other tenures remain ...

HDFC Bank has raised its MCLR for overnight loans by 5 bps to 9.20 per cent effective February 7, 2025, while other tenures ...

The RBI MPC reduced key lending rates by 25 basis points to 6.25%, the first rate cut in nearky five years under the leadership of newly appointed RBI Governor Sanjay Malhotra.

This 25 bps cut is expected to reduce home loan EMIs, offering a major boost to home buyers including new owners.