HDFC ups benchmark prime lending rate by 0.25%

A couple of banks such as J&K Bank and Yes Bank have already increased their prime lending rates following the 0.25 per cent hike in the repo rate effected by the Reserve Bank of India recently.

While State Bank of India has deferred taking a call on its interest rates, a few banks are likely to take a decision on whether to up their rates or not in the next few days.