VERIFIEDET Finance·10 Aug 2026neutral

HDFC Bank cuts MCLR by 5 bps, Bank of Baroda raises 3-month rate by 10 bps

AI Summary

·HDFC Bank has reduced its lending rates by five basis points across all maturities.
·Bank of Baroda will increase its three-month lending rate by ten basis points.
·Both banks are adjusting their marginal cost of funds based lending rates, with HDFC's changes effective August 7th and Bank of Baroda's from August 12th.