HDFC Bank, IDFC First hike MCLR post repo rate hike by Reserve Bank

The largest private sector lender bank HDFC , raised its marginal cost of fund based lending rate from 5 to 10points basis from August 8 onwards .HDFC one month MCLR stands now at 7.95 percent .Another private sector IDFC first has also revised their MCLR upward by 5 to 15 bos across loans tenors .Last year Canara bank also raise their MCLR 5 to 15 bps.The RBI has raised their repo rate  to a 3 year high  of 5.40  percent .