Private sector lender HDFC Bank has reduced its marginal cost of funds-based lending rate (MCLR) - the benchmark to price loans - by five basis points for one-month bucket to 8.95 per cent and 9.25 per cent for the two-year bucket.
Public sector lender Bank of Baroda hiked MCLR for one year by 10 basis points to 9.4 per cent.
