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The Hindu Businessline

Personal Finance / The Hindu Businessline

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HDFC Bank cuts MCLR by 5 bps as lower funding costs aid repricing

Analysts attribute the move to a combination of easing deposit costs, repricing of the deposit book and strong inflows into foreign currency non-resident [FCNR(B)] deposits, which provide banks access to relatively cheaper funds than domestic term deposits

10 Aug 2026 9:41 pm