Ahead of the Reserve Bank's monetary policy announcement, mortgage lender HDFC Monday increased its retail prime lending rate (RPLR) by 10 basis points with immediate effect.
The new rates vary from 8.80 to 9.05 per cent on various slabs of loans.
With the revision, PNB's overnight marginal cost of funds based lending rate (MCLR) now stands at 8.2 per cent as against 7.9 per cent.
The MCLR for a one-month tenor were raised to 8.10 per cent from 8.05 per cent earlier.
An increase in the repo rate will be driven mainly on concerns over inflation and a weak rupee.