HDFC Bank Adjusts Lending Rates with Up to 10 BPS Increase Across Tenors

As per PTI news report, HDFC Bank has announced a revision in its lending rates, increasing the Marginal Cost of Funds-based Lending Rate (MCLR) by up to 10 basis points (BPS) across different tenors.  

The adjustment took effect on June 8, 2026, following the Reserve Bank of India's decision to maintain current interest rates. 

Details of the MCLR Adjustment 

The largest hike of 10 BPS applies to loans with a maturity of 2 years, now at 8.55% from the previous 8.45%.  

The benchmark 1-year MCLR, which influences most consumer loans including auto and home loans, has been increased by 5 BPS to 8.40%.  

Overnight, 3-month, 6-month, and 3-year tenors have each been adjusted by 5 BPS, now standing at 8.10%, 8.20%, 8.35%, and 8.65% respectively.  

This change is significant for borrowers, adjusting their interest obligations on various loan types. 

Implications for Borrowers 

This adjustment in lending rates is poised to impact most consumer loans like auto, personal, and home loans.  

Borrowers will see a slight increase in their monthly payment obligations as a result of this adjustment.  

The decision comes at a time when the Reserve Bank has opted to leave its own rates unchanged for the second consecutive time.  

This comes amid concerns around rising energy prices and supply chain disruptions, particularly linked to global tensions. 

Read More: AI-Linked Stock Rally Pushes Indian Companies Out of MSCI EM Top 10; HDFC Bank and Reliance Slip in Rankings! 

HDFC Bank Share Price Performance  

As of June 09, 2026, at 1:44 PM, HDFC Bank share price on NSE was trading at ₹740.70 up by 0.28% from the previous closing price. 

Conclusion 

Overall, HDFC Bank’s recent adjustment in lending rates by up to 10 BPS indicates a measured approach amid stable Reserve Bank interest rates. While this impacts consumer loan holders with increased interest expenses, it reflects broader financial and economic dynamics influencing the bank's rate setting decisions. 

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