scorecardresearchHDFC Bank to acquire 9.94% stake in Go Digit Life Insurance

HDFC Bank to acquire 9.94% stake in Go Digit Life Insurance

Updated: 26 Aug 2022, 08:08 AM IST
TL;DR.
HDFC Bank on August 24, 2022 has entered into an indicative and non-binding term sheet with Go Digit Life Insurance Limited, which summarises the principal terms of a proposed investment, by HDFC Bank in the company, of an amount between 49.9 crore to 69.9 crore, in two tranches, by subscribing to equity shares, the bank said in a regulatory filing.
HDFC Bank has raised its marginal cost of funds-based lending rate by 5 to 10 basis points across loan tenors. Consequently, the overnight MCLR now stands at 7.80%. The 1 month MCLR is at 7.8%, 3 months is at 7.85%, 6 months is at 7.95%, 1 year is at 8.10%, 2 year at 8.20% and 3 year at 8.30%. Additionally, mortgage lender HDFC also raised its benchmark lending rate by 25 basis points.

HDFC Bank has raised its marginal cost of funds-based lending rate by 5 to 10 basis points across loan tenors. Consequently, the overnight MCLR now stands at 7.80%. The 1 month MCLR is at 7.8%, 3 months is at 7.85%, 6 months is at 7.95%, 1 year is at 8.10%, 2 year at 8.20% and 3 year at 8.30%. Additionally, mortgage lender HDFC also raised its benchmark lending rate by 25 basis points.