HDFC Bank cuts MCLR by up to 10 bps

The last time HDFC Bank cut MCLR rates across all tenors by 10 bps in August month. Also, to make the rate transmission happen faster, RBI had mandated all banks to move from the MCLR regime to externally benchmark all their floating-rate loans.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/hdfc-bank-cuts-mclr-by-up-to-10-bps/articleshow/71951131.cms