HDFC & PNB Cut Lending Rates After RBI Repo Rate Cut
After the RBI's recent repo rate slash, HDFC Bank and PNB have revised their lending rates. HDFC's marginal cost of funds-based lending rate (MCLR) now ranges between 8.30% and 8.55% depending on the loan tenor, while PNB has lowered its repo-linked lending rate (RLLR) from 8.35% to 8.10%, offering borrowers more affordable credit options.