<ul><li>HDFC Bank has lowered its marginal cost of lending rate by 10 basis points across tenures with effect from June 7.</li><li>Last month, HDFC Bank had cut its MCLR by 15 basis points. Borrowers with MCLR-linked loans may see a fall in EMIs or a shorter loan tenure.</li><li>Reserve Bank of India's 50 basis points rate cut led major banks to reduce lending rates for faster policy transmission.</li><li>Public sector banks like Bank of Baroda and UCO Bank also cut their rates following RBI's rate cut to accelerate policy rate transmission.</li></ul>

HDFC Bank Cuts MCLR Rates 10 Basis Points

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