In a move to manage liquidity and profitability, major banks have increased lending rates in July. The latest among them is HDFC Bank, which has increased loan interest rates by up to 10 basis points on overnight tenure from 8.95 per cent to 9.05 per cent. According to the Yes Bank website, the bank's overnight rate is 9.10 per cent. Its marginal cost of funds-based lending rates (MCLR) for one month is 9.45 per cent. MCLR is the minimum cost of lending rates beyond which banks are not permitted to lend.