Loans to get expensive! A look at base rates of major banks
Fri, Aug 23, 2013 at 12:07
In the aftermath of liquidity tightening measures imposed by the Reserve Bank of India (RBI) to check the rupee's fall, many banks resorted to hiking their base rates. Base rate is the rate below which the bank cannot lend, and any increase in it makes auto, home and corporate loans costlier.
Let's take a look at the new base rates of top lenders in India