HDFC Bank Raises Lending Rate by 5 Basis Points

HDFC Bank has increased its lending rate by 5 basis points for select loan maturities. This move comes after the Reserve Bank of India’s monetary policy adjustments, impacting the cost of borrowing. The hike will affect both retail and business loans, making them slightly more expensive. HDFC Bank’s decision reflects the bank’s response to changing market conditions and could influence borrowing costs for customers.