Private sector lender HDFC Bank has hiked its benchmark prime lending rate (BPLR) by 25 basis points to 15.25 per cent.

The bank has also increased its deposit rates by 25 basis points across different tenures.

The hikes come into effect from June 18.

Other banks like, J&K Bank and Yes Bank have already raised their prime lending rates after RBI hiked the repo rate.

The Reserve Bank had on June 11 hiked the repo rate by 25 basis points to 8 per cent.